ETFs in Focus Ahead of Tesla Q4 Earnings

Electric carmaker Tesla Motors TSLA is scheduled to report fourth-quarter 2022 results on Jan 25 after market close. Lets take a closer look at its fundamentals ahead of the earnings release.

Tesla's stock tumbled 65% in 2022, its worst year since going public in 2010, and wiped out more than $700 billion in market cap due to weakening demand, supply-chain issues, and potential legal issues. Over the past three months, the stock shed about 32% compared to the industrys average loss of 16%. The weak trend will reverse only if the carmaker beats on earnings estimate.

This has put the ETFs having a substantial allocation to this luxury carmaker like MeetKevin Pricing Power ETF PP, ARK Autonomous Technology & Robotics ETF ARKQ, Consumer Discretionary Select Sector SPDR Fund XLY, Simplify Volt Robocar Disruption and Tech ETF VCAR and MicroSectors FANG+ ETN FNGS in focus ahead of Q4 earnings.

Earnings Whispers

Tesla has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +3.06%. According to our methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before theyre reported with our Earnings ESP Filter.