Simplify Volt TSLA Revolution ETF is trading at $15.83 (+3.14%) after its primary holding, Tesla (TSLA), received a significant regulatory approval for its Full Self-Driving (Supervised) software in Europe.
- Belgium has officially approved Tesla's FSD software, marking the fifth EU country to do so and the second approval in less than 48 hours.
- The news has boosted Tesla shares in pre-market trading, signaling growing regulatory acceptance and expanding the market for one of Tesla's key long-term growth drivers.
- The gain also comes amidst a broader rebound in technology and growth stocks following a sell-off on the previous day.