After the closing bell on Wednesday, electric carmaker Tesla Motors (TSLA) yet again reported a big loss for the first quarter of 2016, widely missing our estimates. However, huge demand for Model 3 sedan and an upbeat outlook for vehicle production cheered investors, sending shares of TSLA higher by more than 5% in aftermarket hours on elevated volume. Tesla Q1 Earnings in Focus Adjusted loss per share came in at $1.24, wider than the Zacks Consensus Estimate of a loss of $0.78. Revenues climbed 45% year over year to $1.6 billion and were slightly above the Zacks Consensus Estimate of $1.59 billion. Tesla produced a record 15,510 vehicles (12,851 Model S and 2,659 Model X) during the first quarter, up 10% from Q4. The company is expected to produce 20,000 vehicles and deliver 17,000 vehicles in Q2. Additionally, it remained committed to deliver 80,000–90,000 new Model S and Model X in 2016 (see: all the Alternative Energy ETFs here). The electric carmaker unveiled its low-cost electric variant Model 3 on March 31 and is on track for its production and delivery in late 2017. In the first week of launch, Tesla received 325,000 preorders for Model 3, implying about $14 billion in future sales. This makes the introduction of Model 3 the biggest consumer product launch ever. Given the astounding demand, the company expects to produce as many as 200,000 Model 3 sedans in the second half of next year. It also stepped up its plans to produce 500,000 vehicles (including the Model S, Model X and Model 3) per year by 2018, two years ahead of the original schedule. ETFs to Watch As Tesla is all about electric cars, its production and delivery plans matter most to investors rather than earnings miss or beat. As a result, Tesla has seen smooth trading following its results and this trend is expected to continue in the ETF world for funds having substantial allocation to this luxury carmaker (read: Make Your Portfolio Eco-Friendly: ETFs for Earth Day). Below we highlight four ETFs that could be great plays for investors to tap Tesla in the coming days. Market Vectors Global Alternative Energy ETF (GEX) This ETF tracks the Ardour Global Index Extra Liquid, focusing on global companies that are primarily engaged in the business of alternative energy. The fund holds about 31 stocks in its basket with AUM of $90.5 million while charging 62 bps in fees per year. Average daily volume is paltry at about 8,000 shares. Tesla Motors occupies the top position in the basket with 10.8% allocation. In terms of country exposure, the fund is skewed toward the U.S. with 52.1% share while China and Denmark round off the top three spots with over 10% allocation each. First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) This fund tracks the Nasdaq Clean Edge Green Energy Index and manages assets worth $65.5 million. It charges 60 bps in fees per year while trades in light volume of around 20,000 shares per day. In total, the product holds 42 U.S. securities with Tesla Motors taking the top spot in the basket at 9.4%. Technology firms dominate this ETF, accounting for 27.6% of the assets while industrials, and oil & gas round off the next two spots with a double-digit allocation each (read: Trump, Clinton Race Ahead: ETFs in Contest). ARK Industrial Innovation ETF (ARKQ) This is an actively managed ETF seeking long-term capital appreciation by investing in companies that benefit from the development of new products or services, technological improvement and advancements in scientific research related to robotics, energy storage, innovative materials, alternative energy sources, infrastructure development, space exploration, autonomous vehicles and 3D printing. This approach results in a basket of 36 stocks, with TSLA occupying the second spot with 7.3% share. The product has accumulated $13.9 million in its asset base and charges 95 bps in fees per year. It sees a paltry volume of about 1,000 shares a day. ARK Innovation ETF (ARKK) Like ARKQ, this is also an actively managed fund and follows the same strategy but provides exposure to genomic companies, industrial innovation companies or Web x.0 companies. In total, the fund holds 40 securities in its basket with Tesla occupying the fourth position holding 5.3% share. The product has accumulated $7.4 million in its asset base and trades in a paltry volume of about 1,000 shares. Expense ratio comes in at 0.95%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TESLA MOTORS (TSLA): Free Stock Analysis Report VANECK-GLBL AE (GEX): ETF Research Reports NASDAQ-CL EDG G (QCLN): ETF Research Reports ARK-INDUS INNOV (ARKQ): ETF Research Reports ARK-INNOVATION (ARKK): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. 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