##  [#  ETFs for Lovers and Haters of Tesla](/sections/news/etfs-lovers-and-haters-tesla) 

 

#  ETFs for Lovers and Haters of Tesla

 

 

As Elon Musk gains political notoriety, Tesla stock becomes a political football for ETF investors.



 

 

 

 

 [![Jeff_Benjamin](/sites/default/files/styles/author_image_icon/public/2023-08/Jeff_Benjamin_author.png?itok=-fUp7EJP "Jeff_Benjamin")](/authors/jeff-benjamin) 

[By Jeff Benjamin](/authors/jeff-benjamin)

 Feb 28, 2025

 Edited by: Ron Day

 

 

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As Elon Musk takes on an increasingly high-profile role as the head of the Trump administration’s new Department of Government Efficiency (DOGE), debate is growing over how politics is affecting [Tesla Inc. (TSLA).](/stock/TSLA)

While the electric carmaker’s stock has gained 45% over the past 12 months, it's dipped 28% so far this year and is mostly unchanged since the November election.

For ETF investors, the[ field of opportunities](/sections/news/tesla-etf-spikes-elon-musk-inches-closer-payday) to bet strongly for or against the stock is wide open.

The [**Tradr 2X Short Tesla Daily ETF (TSLQ),**](/TSLQ) which is a daily-reset trading strategy betting against the price of Tesla stock, is up 78% this year.

The flipside of that trade would be the [**T-Rex 2X Long Tesla Daily Target ETF (TSLT)**](/TSLT), which underscores the double-edged sword of these kinds of single-stock ETFs with a 56% decline this year.

## Tesla Held in 355 ETFs

But beyond the most aggressive ways to bet for or against Tesla stock, a screening of[ etf.com data](/stock/TSLA) show allocations to the carmaker spread across 355 ETFs in varying degrees.

With a weighting of nearly 46%, TSLT stands out as the ETF with the largest allocation to TSLA. The most shares are held in the [**Invesco QQQ Trust ETF (QQQ)**](/QQQ), with 36 million of the total 273 million held by ETFs. Tesla makes up 4% of the $329 billion ETF.

For Tesla bulls, there are also plenty of ways to gain exposure without making big heart-racing bets.

The [**Mast Global Battery Recycling and Production ETF (EV)**](/EV) has a comfortable but significant 9% weight in TSLA.

Tesla is also a regular holding among the sustainable and ESG categories. TSLA represents 7.7% of the [**Invesco MSCI Sustainable Future ETF (ERTH)**](/ERTH) and 8% of the [**God Bless America ETF (YALL)**](/YALL), which some might describe as the opposite of an ESG strategy.

[![](/sites/default/files/inline-images/image_9.png)](/stock/TSLA)For those investors looking to shun Tesla altogether for political or other reasons, a good place to start would be the [etf.com tools](/tools/etf-stock-holdings?utm_medium=nav) section, where the 355 ETFs with exposure to Tesla can be screened according to a variety of criteria.

Near the bottom of the list there’s the [**Nuveen Sustainable Core ETF (NSCR)**](/NSCR), which has just a 0.05% allocation to TSLA.

Right behind it, with a 0.07% allocation, is the [**Invesco Russell 1000 Equal Weight ETF (EQAL)**](/EQAL).

 
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 [ Jeff Benjamin Wealth Management Editor ](/authors/jeff-benjamin) 

 

 

  Jeff Benjamin is the wealth management editor at etf.com, responsible for coverage related to the financial planning industry. This includes writing,…   [View Bio](/authors/jeff-benjamin)

 



 

 


 Related Topics  [Data Dive](http://www.etf.com/topics/data-dive) 

 [Advisor Center](http://www.etf.com/topics/advisor-center-0) 

 [Tesla Inc](http://www.etf.com/topics/tesla-inc) 

 [ESG ETFs](http://www.etf.com/topics/esg-etfs)