TESL is trading at a pre-market price of $13.07, up 4.94% from the July 23 close of $12.45, rebounding after a steep -13.82% drop in the prior session.
- The ETF is heavily tilted to the consumer discretionary sector (121.3%), with Tesla and related growth names serving as the primary drivers for the recovery.
- The move comes as U.S. equity futures trade modestly higher following Thursday’s tech-led selloff, even as markets digest new broad tariffs and elevated oil prices.