Skip Elon Musk's Tesla 'production hell.' There's an easier way to invest in the car of the future
https://www.cnbc.com/2018/04/18/skip-elon-musks-tesla-hell-theres-an-easier-way-to-buy-car-future.html
If you'd like a way to invest in the future of cars, including autonomous vehicles and electric batteries, Tesla has been a rewarding stock market bet, up from $20 in 2010 to close to $300 today. But it has not been stress-free, for stockholders or for Tesla founder and CEO Elon Musk. Musk recently said, more than once, that trying to ramp production of the mass market Model 3 is a living "hell", and lately, he has been sleeping on a couch at the Tesla manufacturing plant —when sleeping at all. Tesla cash flow and bankruptcy fears (which to be fair to Tesla, have trailed the company for years and many hedge fund shorts have been on the wrong side of, so far) have taken a toll in the past year on the high-flying stock, down close to $100.
For investors who do not relish life on the edge, a few exchange-traded funds have launched in the past year targeting the autonomous and electric vehicles trend. The most recent, which launched on Tuesday, is the Global X Autonomous & Electric Vehicles ETF (DRIV). It's the fourth-such ETF following the SPDR Kensho Smart Mobility ETF (XKST), KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) and Innovation Shares NextGen Vehicles & Technology (EKAR), and arguably the most notable of the bunch given the success of Global X in launching thematic ETFs that hit on major technology themes.