No matter your opinion on Elon Musk, there’s no denying the immense success Tesla has achieved in the past decade. If you want to invest in Tesla, you have two main options: buy Tesla stock, or invest in an ETF that provides Tesla exposure.
In this guide, we’ll compare ETFs that invest in Tesla, explore the benefits and risks they offer, and show you how to find the best Tesla ETF for your portfolio.
ETFs are pooled investment funds that hold a basket of stocks. So when you invest in an ETF, you instantly gain exposure to all the stocks it holds.
A Tesla ETF is any exchange-traded fund that holds Tesla stock. Tesla ETFs fall into a few different categories:
| ETF Name | Ticker | Approx. Tesla Weight | Risk Level | Sector(s) | Buy on Qtrade |
|---|---|---|---|---|---|
| Invesco QQQ ETF | QQQ | 3.43% | Medium – high | Nasdaq 100 stocks | |
| ARK Innovation ETF | ARKK | 11.92% | Very high | US and international stocks, technology focused | |
| Vanguard Growth ETF | VUG | 3.66% | High | Large-cap US growth stocks | |
| ARK Autonomous Technology & Robotics ETF | ARKQ | 12.39% | Very high | US and international stocks, autonomous technology and robotics focused | |
| State Street Consumer Discretionary Select Sector SPDR ETF | XLY | 21.01% | Medium – high | US stocks, consumer discretionary focused | |
| YieldMax TSLA Option Income Strategy ETF | TSLY | 100% (TSLA options) | High | TSLA options | |
| Global X Lithium & Battery Tech ETF | LIT | 3.62% | High | Global lithium stocks | |
| iShares Self-Driving EV and Tech ETF (IDRV) | IDRV | 4.77% | High | Global EV and autonomous driving stocks | |
| Roundhill Magnificent Seven ETF | MAGS | 14.46% | High | US stocks |
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Invesco QQQ tracks the Nasdaq 100, which features the 100 largest non-financial stocks listed on the Nasdaq stock exchange. Technology stocks dominate the index, making up almost two-thirds of QQQ’s holdings. Tesla is the ETF’s 8th largest holding at 3.43%, and QQQ has enjoyed impressive returns over the past decade.
| Exchange: | Nasdaq |
| Management expense ratio: | 0.20% |
| 1-year performance: | 23.63% |
| 5-year performance: | 17.34% |
| 10-year performance: | 20.32% |
| Tesla weighting: | 3.43% |
| Distribution frequency: | Quarterly |
| 30-day SEC yield: | 0.44% |
ARKK is a popular, actively managed ETF that targets long-term capital growth. Managed by Cathie Wood, this ETF invests at least 65% of its assets in companies that align with its theme of “disruptive innovation”. It focuses on industries and products like intelligent devices, autonomous mobility, neural networks and digital wallets, and Tesla is its largest holding. As of November 30, 2025, ARKK has US$7.79 billion in net assets.
| Exchange: | Cboe BZX |
| Management expense ratio: | 0.75% |
| 1-year performance: | 80.85% |
| 5-year performance: | -0.87% |
| 10-year performance: | 17.47% |
| Tesla weighting: | 11.92% |
| Distribution frequency: | N/A |
| 30-day SEC yield: | N/A |
The Vanguard Growth ETF is designed for investors who want to adopt an aggressive growth strategy. It aims to replicate the performance of the CRSP US Large Cap Growth Index, and its 160 holdings include some of the biggest and best-known companies in the US. Tesla is the fund’s 7th largest holding, and VUG has total net assets of US$357 billion as of October 31, 2025.
| Exchange: | NYSE Arcs |
| Management expense ratio: | 0.04% |
| 1-year performance: | 20.59% |
| 5-year performance: | 15.70% |
| 10-year performance: | 17.22% |
| Tesla weighting: | 3.66% |
| Distribution frequency: | Quarterly |
| 30-day SEC yield: | 0.39% |
Another actively managed fund from ARK Invest, ARKQ invests at least 80% of its assets in autonomous technology and robotics companies. The focus is once again on “disruptive innovation”, and as of November 30, 2025, the fund has US$1.56 billion in net assets. ARKQ typically has between 30 and 50 stocks, and Tesla is currently its largest holding.
| Exchange: | Cboe BZX |
| Management expense ratio: | 0.75% |
| 1-year performance: | 82.91% |
| 5-year performance: | 14.62% |
| 10-year performance: | 21.24% |
| Tesla weighting: | 12.39% |
| Distribution frequency: | N/A |
| 30-day SEC yield: | N/A |
XLY is a Tesla ETF that aims to track the price and yield performance of the Consumer Discretionary Select Sector Index. It features 49 stocks from the S&P 500, across categories ranging from retail and automobiles to luxury goods and leisure products. Tesla is its second-largest holding, comprising over 20% of the fund’s investments, and XLY has US$23.87 billion in assets under management.
| Exchange: | NYSE Arca |
| Management expense ratio: | 0.08% |
| 1-year performance: | 7.35% |
| 5-year performance: | 9.38% |
| 10-year performance: | 12.56% |
| Tesla weighting: | 21.01% |
| Distribution frequency: | Quarterly |
| 30-day SEC yield: | 0.73% |
TSLY aims to provide exposure to the performance of Tesla stock (TSLA) while also providing weekly income. It uses a covered call option strategy, selling call options or call spreads on TSLA to generate income for investors.
| Exchange: | NYSE Arca |
| Management expense ratio: | 0.99% |
| 1-year performance: | 18.47% |
| 5-year performance: | N/A |
| 10-year performance: | N/A |
| Distribution frequency: | Weekly |
| 30-day SEC yield: | 2.77% |
The Global X Lithium & Battery Tech ETF (LIT) aims to track the performance of the Solactive Global Lithium Index, which features the world’s largest lithium mining and exploration companies. LIT features 42 holdings, providing exposure to the mining and refining of lithium as well as companies that specialize in battery production. Tesla is its 9th largest holding in terms of weight.
| Exchange: | NYSE Arca |
| Management expense ratio: | 0.75% |
| 1-year performance: | 29.17% |
| 5-year performance: | 8.25% |
| 10-year performance: | 13.34% |
| Tesla weighting: | 3.62% |
| Distribution frequency: | Semi-annually |
| 30-day SEC yield: | 0.89% |
This Tesla ETF tracks the performance of companies involved in the electric vehicle, battery technology and autonomous driving technology industries. Launched in 2019, it focuses on developed as well as emerging markets, investing in global stocks for long-term growth.
| Exchange: | NYSE Arca |
| Management expense ratio: | 0.48% |
| 1-year performance: | 18.33% |
| 5-year performance: | 3.91% |
| 10-year performance: | N/A |
| Tesla weighting: | 4.77% |
| Distribution frequency: | Semi-annual |
| 30-day SEC yield: | 0.95% |
MAGS provides exposure to the “Magnificent Seven” stocks—Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla. The fund was launched in 2023 and is rebalanced to equal weight every quarter. It currently boasts US$4 billion in assets under management.
| Exchange: | Cboe BZX |
| Management expense ratio: | 0.29% |
| 1-year performance: | 37.13% |
| 5-year performance: | N/A |
| 10-year performance: | N/A |
| Tesla weighting: | 14.46% |
| Distribution frequency: | Annual |
| 30-day SEC yield: | 1.89% |
Yes, there are several Tesla ETFs that trade on the Toronto Stock Exchange. These ETFs generally aim to track the performance of major US stock market indices, such as the S&P 500 and the Nasdaq 100, so they provide a small amount of Tesla exposure.
One example is the iShares Nasdaq 100 Index ETF (CAD-Hedged) (XQQ), which provides exposure to 100 non-financial large-cap US companies. 3.41% of this ETF’s holdings are made up of Tesla stock.
Another example is the Vanguard S&P 500 Index ETF (VFV). Tesla shares have a weighting of 2.19% in this ETF.
It’s easy to invest in these ETFs through an online trading platform. If you want to invest in the other ETFs featured in this guide that trade on US exchanges, you will need to:
Why might you consider buying an ETF that provides Tesla exposure than investing directly in Tesla?
The benefit of ETFs is that, most of the time, they provide access to a diversified portfolio of stocks. This spreads your risk around rather than relying on the performance of a single company, which generally results in less volatility.
Many ETFs also pay distributions to investors, providing a source of passive income. Tesla, meanwhile, does not pay dividends to its shareholders.
Yes, there are leveraged Tesla ETFs available. Leveraged ETFs use debt to try and amplify the returns of an underlying index or stock, usually by 2 or 3 times.
Two examples of Tesla leveraged ETFs are the T-REX 2X Long Tesla Daily Target ETF (TSLT) and the Direxion Daily TSLA Bull 2X Shares (TSLL). Both aim to deliver 200% of the performance of Tesla shares—so if Tesla stock rises $1, these funds aim to increase by $2.
Yes, leveraged Tesla ETFs come with a very high level of risk. While they offer the potential to amplify gains, any losses you incur will also be magnified. This means they’re not designed to be held long-term and are best left to experienced traders.
Another risk of a leveraged Tesla ETF is that it tracks a single stock rather than an index of stocks, so you don’t get any of the benefits of diversification.
Finally, leveraged ETFs tend to come with higher management fees than regular ETFs.
A Tesla 2x ETF is simply another term to describe a leveraged Tesla ETF.
2x Tesla ETFs aim to deliver 200% of the daily performance of Tesla stock. So if the price of Tesla stock rises $5 in a day, a 2x ETF aims to increase by $10.
But with this potential for higher rewards also comes the risk of higher losses, as any price drops that occur will also be magnified.
Yes, there are. A short Tesla ETF aims to deliver the opposite of the daily performance of Tesla stock. So if Tesla stock rises by $1, an inverse ETF is designed to fall by $1.
An example of a short Tesla ETF is the Direxion Daily TSLA Bear 1X Shares (TSLS).
Some inverse Tesla ETFs are also leveraged ETFs, such as the T-REX 2X Inverse Tesla Daily Target ETF (TSLZ). This fund aims to deliver daily investment results of 200% of the inverse of the daily performance of TSLA.
Consider the following factors when deciding on the best Tesla ETF(s) for you.
If you want to gain exposure to EV giant Tesla through an ETF, there are several Tesla ETFs to choose from. You can choose from index funds, funds that target specific market sectors (such as EVs), and leveraged or inverse ETFs. Just make sure you research any Tesla ETF thoroughly before buying to confirm whether it’s a good fit for your investment goals.
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