The amazing Tesla rally is making these funds a boatload

  • Tesla’s surge this year has not only benefited individual Tesla shareholders. It has also helped some funds blow their peers out of the water in the early part of 2020.
  • Using Morningstar data, CNBC found the funds that are most concentrated in Tesla. The stock accounts for more than 15% of the total assets in some of these funds.
  • To be sure, these funds may have too much leverage in what could be a single-stock bubble. Tesla’s stock moves have drawn comparisons to the run-ups seen during the dotcom bubble. 

There are several mutual and exchange-traded funds that are on fire this year thanks in part to the hottest stock in U.S. markets, right now: Tesla.

Source: https://www.cnbc.com/2020/02/05/the-amazing-tesla-rally-is-making-these-funds-a-boatload.html

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