I wish this existed more generally, but it doesn't. However, you can do it in a few different ways:
(1) As another commenter noted, you can short TSLA in rough proportion to the amount of it in your ETF. This incurs some borrowing costs but you also get to park the money from the short, so it's not too bad overall.
(2) You could go for mid-cap funds like VO instead of total-market funds. But this does change your overall investment picture. I kind of like it as a way of reducing my tech exposure, but historically, the total market / s&p 500 funds have outperformed the mid-cap funds, so it's worth recognizing the risk here.
The shorting approach is pretty low risk given that it's counterbalanced by owning those shares indirectly through your ETF holdings.
(1) As another commenter noted, you can short TSLA in rough proportion to the amount of it in your ETF. This incurs some borrowing costs but you also get to park the money from the short, so it's not too bad overall.
(2) You could go for mid-cap funds like VO instead of total-market funds. But this does change your overall investment picture. I kind of like it as a way of reducing my tech exposure, but historically, the total market / s&p 500 funds have outperformed the mid-cap funds, so it's worth recognizing the risk here.
The shorting approach is pretty low risk given that it's counterbalanced by owning those shares indirectly through your ETF holdings.