JSFiddle - React, Tailwind, and code Playground

HTML

<html>

<head>
  <title>SVG with color</title>
</head>

<body>
  <script>
    (function () {
      const createSvg = (color = '#ff9933') => `
          <svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" width="76px" height="22px" viewBox="-0.5 -0.5 76 22">
            <defs/>
              <g>
                <ellipse cx="5" cy="10" rx="5" ry="5" fill="#ff9933" stroke="none" pointer-events="all"/>
                <ellipse cx="70" cy="10" rx="5" ry="5" fill="#ff9933" stroke="none" pointer-events="all"/>
                <path d="M 9.47 12.24 L 17.24 16.12 Q 25 20 30 13 L 32.5 9.5 Q 35 6 40 9 L 42.5 10.5 Q 45 12 50 6 L 52.5 3 Q 55 0 60.73 3.23 L 66.46 6.46" fill="none" stroke="#ff9933" stroke-miterlimit="10" pointer-events="stroke"/>
              </g>
          </svg>`.split('#ff9933').join(color);

      function SvgWithColor() {
        const div = Reflect.construct(HTMLElement, [], SvgWithColor);
        const color = div.hasAttribute('color') ? div.getAttribute('color') : 'cyan';
        div.innerHTML = createSvg(color);
        return div;
      }

      SvgWithColor.prototype = Object.create(HTMLElement.prototype);
      customElements.define('svg-with-color', SvgWithColor);

      document.body.innerHTML += `<svg-with-color
        color='magenta' 
      ></svg-with-color>`;

    })();

  </script>
</body>

</html>