Future Mobility Theme on The Rise Boosted by Tesla's Performance

The Future Mobility theme outperformed the broader market, with a positive gain of +1.24% over the past week. This positive momentum can largely be credited to the remarkable performance of Tesla stocks, which have been steadily rising since the beginning of the year (+122.79% YTD), continuing their upward trajectory with a gain of +4.84% for the week. Indeed, after experiencing a loss of approximately 70% from the end of 2021 to the end of 2022, Tesla has managed to reverse the trend and showcase stunning performance.

The company’s recent strong performance can be attributed to its impressive ability in surpassing second-quarter delivery expectations. Deliveries rose by an astounding 83% compared to the same period last year. This surge was primarily driven by the company's strategic decision to reduce prices on all four of its electric vehicle models, enticing buyers to purchase. Moreover, the availability of U.S. government tax credits further incentivized buyers, leading to increased sales. This combination of competitive pricing and advantageous tax credits has played a pivotal role in the company's stellar performance and solidified its position in the market.

The Lyxor MSCI Future Mobility ESG Filtered (DR) UCITS ETF (MOBI) has benefited from the jump in Tesla stocks’ price as Tesla accounts for 3.81% of the fund’s AuM. It saw a gain of +2.65% over the week.

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