TSLA - IDRV: EVs + Tech = High Performance
- As I suggested in my first article on the iShares Self-Driving EV And Tech ETF, IDRV is much more than simply a bet on the future of Telsa.
- IDRV is up ~30% YTD as companies like Apple, Nvidia, and Qualcomm boosted returns.
- Meantime, in September, EVs vastly outpaced sales of ICE vehicles in China - the world's largest car market.
- As a result, had IDRV held larger positions in Chinese EV makers like BYD and NIO, it could have posted even better performance.
- Still, IDRV is an excellent choice for investors wishing to participate in the autonomous EV movement and the companies that supply the semiconductors, batteries and IT needed to drive the sector forward.
For further details see:
IDRV: EVs + Tech = High Performance