Tesla single stock exchange-traded funds (ETFs) are becoming popular for investors in the volatile stock after being introduced on Wall Street in July 2022.
The electric vehicle space remains speculative for most investors and "is still in the early stages of broader adoption", the managing director of Direxion, Ed Egilinsky, told FOX Business on Monday.
A Tesla vehicle drives past Tesla's primary vehicle factory in Fremont, California, U.S. May 11, 2020. "The stocks within this category, including Tesla, have high risk to reward characteristics," he added. "Both retail and institutional investors have to weigh how much exposure is appropriate to any single stock within their overall equity allocation, especially to a volatile name like Tesla."What are single stock ETFs and how can they help?
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