Open Now: The Global ETF Survey Take the Survey →
Consumer Discretionary Funds Weighed Down by Tesla Stocks
Tesla faces challenges in China as BYD emerges as a major competitor, impacting stock values and consumer discretionary ETFs.
Keep up with what matters in ETFs
Get timely ETF insights, market trends, and top ideas straight to your inbox.
Your newsletter subscriptions with us are subject to ETF Central's Privacy Policy and Terms and Conditions.
Tesla recently reported a record number of 484,000 vehicle deliveries in Q4 2023. This achievement aligns with the company’s 2023 target of delivering 1.8 million cars and was facilitated through increased discounts on key models.
However, the electric vehicle manufacturer's market position is being challenged in China, the world's largest auto market. The challenge arises from BYD - a major competitor that announced it had produced an unprecedented 526,000 battery-powered vehicles during the same quarter.
This competitive pressure is having an impact on Tesla's stock market valuation. Its shares lost 4.42% in the first week of January, with a direct ripple effect on consumer discretionary ETFs which, on average, decreased by 3.42% over the week.
Illustrating this trend the Consumer Discretionary Select Sector SPDR Fund (XLY) lost 3.41% while recording $406 million in outflows.
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
Group Data
Index Data
Funds Specific Data
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
Latest ETF News
See all ETF newsMoneyShow Chart of the Day 7/16/26: Good News/Bad News on Inflation (and the Fed)
MoneyShow Chart of the Day 7/1/26: The H1 Scorecard – and What Comes Next
MoneyShow Chart of the Day 6/22/26: Are World Cup Videos Helping US Companies Clean Up?
MoneyShow Chart of the Day 6/3/26: AI. AI. AI. (And a Handful of Other Stocks, Too)
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
ETF Trends
ETF Industry KPIs July 20, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
ETF Trends
ETF Industry KPIs July 13, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
First Look ETF
First Look ETF: Cash Deployment, Bond, and Hedged ETFs
In this season 6 episode of First Look ETF, Stephanie Stanton examines the latest ETF marketplace trends with NYSE and guests.
ETF Trends
ETF Industry KPIs July 6, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
Browse all educational columns
The ETF Industry Is Evolving Fast
From AI infrastructure to active strategies, the ETF landscape is shifting. Share your perspective in the 7th Annual Global ETF Survey and get exclusive early access to the final report.
