Electric vehicle manufacturers Tesla Inc. (NASDAQ:TSLA) and Rivian Automotive Inc (NASDAQ:RIVN) are charting different trajectories within Gary Black‘s Future Fund Active ETF (NYSE:FFND), highlighting the evolving dynamics of the EV market.
What Happened: The fund currently holds 954 shares of Tesla, valued at $275,257 and representing 4.20% of the portfolio, alongside a smaller 1.22% position in Rivian worth $79,738 through 8,212 shares.
Tesla has demonstrated strong performance, with its stock rising 2.90% to $296.91 on Thursday, marking a 33.63% gain over the past year. The company’s shares have surged 19.52% year-to-date, maintaining its position as the EV market leader.
In contrast, Rivian faces more challenging conditions. Despite rising 3.35% to $10.04 on the same ...