VCR : Tesla is 14.5% of this widely diversified consumer ETF, which is a significant risk factor. The fund opened 1.3% in the red in response to Tesla’s results, a meaningful slump for an ETF with other strong stocks in its portfolio as well. For traders in these ETFs, Tesla’s most recent quarter wasn’t a speed bump, it was a pothole the size of a Cybertruck. The Backstory: A Rough Quarter For Tesla Tesla reported adjusted earnings of 33 cents a share, below forecasts of 39 cents, and revenue decreased 12% YoY to $22.5 billion, its steepest decline in more than a decade. Auto revenue dropped 16%, an agonizing 13.5% year-over-year decline in deliveries globally. The company’s Model 3/Y cars did most of the heavy work, but it wasn’t enough to keep it out of worst delivery performance in its history. This is the second consecutive quarter of falling deliveries, a red flag even for the most die-hard bulls.