Five ETFs poised for price swings ahead of Tesla’s Q1 earnings report
jetcityimage/iStock Editorial via Getty Images

Elon Muskâs Tesla (TSLA) is set to deliver its Q1 earnings report on Wednesday and five exchange traded funds with a heavy reliance on the EV maker are poised for potential price swings.
The three most significantly weighted ETFs towards TSLA are the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY), Vanguard Consumer Discretionary ETF (NYSEARCA:VCR) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
XLY leads the way with a 21.21% weighting in TSLA. Meanwhile, VCR has a 16.65% weighting and FDIS has the company make up 16.04% of its holdings.
Beyond this trio, a couple of Cathie Wood's ARK funds lean heavily on TSLA: the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) and ARK Innovation ETF (NYSEARCA:ARKK).
Woodâs actively managed ETFs ARKQ and ARKK are the marketâs ninth and tenth largest portfolio holders of Tesla. ARKQ holds a 10.72% weighting in TSLA while ARKK has a 10.07% stance.
From a performance standpoint in 2022, TSLA is -17.9%, XLY -15.2%, VCR -15.3%, FDIS -15.4%, ARKQ -19.6%, and ARKK -39.2%.
Tesla, which is set to deliver its earnings report on Apr. 20, is looking to continue its streak of earnings beats after sweeping the board in 2021 with four straight Street-topping quarterly reports.
Cathie Wood who has been a long-time bull on Tesla has also updated her expected value for TSLA, predicting that shares of Elon Musk's electric vehicle maker will top $4,600 by 2026.