took their foot off the brake late Wednesday after the company
reported both earnings and a 2014 outlook that topped
Down some 5% from a record high during normal-session trading,
Tesla's stock zoomed up as much as 15% after the close. (See
Some analysts believe the electric-car maker's shares have
raced ahead too far too fast -- up 30% year to date and a
mind-boggling 398% in the past 12 months -- for a company that's
yet to deliver a profit. Any misstep could trigger another train
wreck like Tesla's Q3 sell-off.
Here's a look at five ETFs riding on the powerhouse founded by
Elon Musk. Some 3.7% of the electric-car maker's stock is owned
by 72 ETFs on the
, according to XTF.com.
The stock is uniquely positioned as not only an auto-sector
play but also as clean energy, consumer goods, high-growth,
momentum, socially responsible and initial public offering
1.Market Vectors Global Alternative Energy (
) holds 31 stocks, weighting Tesla at 12% as its largest
position. It combines solar energy, biofuels, wind power,
hydroelectric power and geothermal energy firms:Eaton (
) andVestas Wind Systems (
). GEX outshined SPDR S&P 500 SPY in the past year, rallying
55% vs. 20% as bargain hunters reignited demand in battered
2.First Trust Nasdaq Clean Edge Green Energy Index (
), with an 11% weighting in Tesla, holds 42 companies engaged in
making clean-energy technologies such as biofuels and batteries
including Cree,Linear Technology (LLTC) andFirst Solar (FSLR).
QCLN is up 9% this year and 72% in the past 12 months.
3.First Trust Nasdaq Global Auto Index (CARZ), with 38 names
led byDaimler AG (DDAIF),Volkswagen (VLKAY) andToyota Motor (TM),
has 5% of its assets in Tesla.
4.Columbia Select Large Cap Growth (RWG) is an actively
managed ETF that screens for high-quality franchises with
above-average earnings growth potential. It weights Tesla at
nearly 4% of assets among its 32 holdings, which includePriceline
(PCLN),Salesforce.com (CRM) andMichael Kors (KORS) .
5. First Trust U.S.IPO Index (FPX) -- with a little less than
3% of its assets in Tesla -- is dominated byFacebook (FB),AbbVie
(ABBV) andGeneral Motors (GM) among its 100 names.
Model S vehicle sales
of 6,900 units -- a record high -- eclipsed forecasts of 6,000 by
15%. Full-year sales tallied 22,400 as demand outstripped
S&P Capital IQ expects 2014 revenue to climb 78% as
earnings hit $1.46 a share -- an exponential rise over 4 cents a
share in 2013. Operating and research and development costs are
expected to rise as the company rolls out the Model X SUV.
"Tesla's fresh story of innovative electric vehicles with
industry-leading all-electric driving range and strong safety
review is attractive," S&P analyst Efraim Levy wrote in a
note Feb. 15, rating shares a hold. "Its unique business model
and technological leadership give it an advantage over
Litchfield Hills Research of Lakeville, Conn., rated Tesla buy
with a $222 price target. "As long as there is a large group of
investors who compare Tesla to a traditional automaker, the stock
will remain undervalued," Litchfield analyst Theodore O'Neill
wrote in a note Feb. 18. "Investors underestimate the appeal of
the Model S and the sales and service experience."