TSLA Bull 2X Shares is a high-risk, high-reward play on Tesla's rebound after its recent selloff. Learn more about TSLL ETF here.

Investor Cathie Wood, the CEO of Ark Invest, offered one of her most emphatic endorsements yet of Tesla Inc. (NASDAQ: TSLA) CEO, Elon Musk, calling him "the most productive human being on earth and in space in history.

Cathie Wood, founder and CEO of ARK Invest, has cemented her reputation as a visionary investor with a knack for identifying disruptive technologies. She launched ARK Invest in 2014 after a career spanning decades, focusing on sectors like artificial intelligence, biotechnology, blockchain, and electric vehicles.

Tesla is part of the Magnificent Seven. Cathie Wood, CEO of Ark Invest, oversees numerous exchange-traded funds (ETFs), including a family of funds that invest in technology stocks. One of the Ark Innovation ETF's biggest winners has been Tesla (NASDAQ: TSLA).

Passive income investors might be disappointed to learn that Tesla (NASDAQ:TSLA) doesn’t offer a dividend. Yet, there’s an exchange traded fund (ETF) called the YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) which offers dividend-like income on a very large scale.

An exchange-traded fund that invests in Big Tech stocks was dropping sharply Monday, with most of its holdings in the red as tumbling shares of Tesla Inc. dragged down the ETF’s portfolio. The Roundhill Magnificent Seven ETF — which holds Apple Inc.

One extreme example is the YieldMax Tesla Option Income Strategy ETF ( TSLY), which uses call option strategies on Tesla ( TSLA 0.20%) stock to produce a high level of monthly income. In fact, based on the past 12 months of dividends, the ETF has a dividend yield of about 127%.