First Trust S-Network Future Vehicles & Technology ETF Price & Performance (CARZ)

Faraday Future has received strong public backing from California officials as it accelerates production of its FX electric vehicles and appoints YT Jia as Co-CEO. The company’s renewed focus on AI-driven vehicles and domestic manufacturing highlights its ambitions in the competitive EV market, though funding and execution risks remain.1

Major auto ETFs and automaker shares rose after President Trump signaled possible tariff exemptions for car companies impacted by recent 25% import levies. Ford, GM, and Stellantis saw gains up to 6%, while the CARZ ETF advanced 1.6%, reflecting optimism about policy support for the sector.2

Technology-focused ETFs posted strong gains last week, with funds like the Simplify Volt TSLA Revolution ETF and SPDR S&P Semiconductor ETF surging over 15%. Despite ongoing trade tensions and market volatility, investor optimism remains high for the sector, buoyed by potential trade progress and supportive monetary policy.3