TSLA Bull 2X Shares is a high-risk, high-reward play on Tesla's rebound after its recent selloff. Learn more about TSLL ETF here.

Tesla is part of the Magnificent Seven. Cathie Wood, CEO of Ark Invest, oversees numerous exchange-traded funds (ETFs), including a family of funds that invest in technology stocks. One of the Ark Innovation ETF's biggest winners has been Tesla (NASDAQ: TSLA).

Investor Cathie Wood, the CEO of Ark Invest, offered one of her most emphatic endorsements yet of Tesla Inc. (NASDAQ: TSLA) CEO, Elon Musk, calling him "the most productive human being on earth and in space in history.

The billionaire wants to set up the "America Party" to challenge President Trump's Republicans. Read more at straitstimes.com. Read more at straitstimes.com.

One extreme example is the YieldMax Tesla Option Income Strategy ETF ( TSLY), which uses call option strategies on Tesla ( TSLA 0.20%) stock to produce a high level of monthly income. In fact, based on the past 12 months of dividends, the ETF has a dividend yield of about 127%.

Passive income investors might be disappointed to learn that Tesla (NASDAQ:TSLA) doesn’t offer a dividend. Yet, there’s an exchange traded fund (ETF) called the YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) which offers dividend-like income on a very large scale.

An exchange-traded fund that invests in Big Tech stocks was dropping sharply Monday, with most of its holdings in the red as tumbling shares of Tesla Inc. dragged down the ETF’s portfolio. The Roundhill Magnificent Seven ETF — which holds Apple Inc.

Tesla is in focus after an investment firm shelved plans for a Tesla-focused ETF, citing concerns over Elon Musk’s political ambitions.