Latest news with #Tradr2XShortTSLADailyETF
Yahoo
3 days ago
- Automotive
- Yahoo
TSLL, TSLQ See Big Swings as Musk/Trump Rift Escalates
Shares of Tesla Inc. (TSLA) plunged Thursday as tensions between CEO Elon Musk and President Donald Trump spilled into public view, shaking investor confidence in one of the market's most volatile stocks. Tesla was down nearly 9% midday after President Trump expressed frustration with CEO Elon Musk over his criticism of the administration's flagship tax bill. Speaking to reporters at the White House, Trump said he was 'very disappointed' in the Tesla chief. The bill in question—which passed the House and is now being debated in the Senate—includes both tax cuts and spending reductions but is still expected to significantly increase the federal deficit. Musk has been vocal in his opposition, calling the legislation fiscally irresponsible. He also flagged the proposed elimination of electric vehicle and solar tax credits, which could dent demand for Tesla's cars and energy products. 'Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,' Musk posted on X. Trump, for his part, claimed Musk's outrage stems from the loss of the tax credits, as well as Trump's decision to block Musk's preferred candidate to lead NASA. The sharp war of words is a remarkable turn for a relationship that once resembled a political "bromance." Musk spent an estimated $200 million to $300 million helping to elect Trump and republicans during the 2024 campaign—a fact he reminded followers of in a pointed post Thursday. 'Without me, Trump would have lost the election,' Musk declared. That kind of rhetoric may not sit well with Trump—or with Tesla investors already nervous about the company's trajectory. Some may be selling on fears that Musk's fraying relationship with the White House could complicate Tesla's regulatory path, particularly in areas like autonomous vehicles. That's a concern for investors who've increasingly pinned their hopes on robo-taxis and humanoid robots to justify Tesla's lofty valuation. The company's core EV business has struggled over the past year, and its brand has taken a beating among Democrats due to Musk's growing involvement in partisan politics. Now, there's a risk of alienating Republicans, too. The Direxion Daily TSLA Bull 2X Shares (TSLL) cratered 18% midday Thursday, while the Tradr 2X Short TSLA Daily ETF (TSLQ) rallied by a similar | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
19-03-2025
- Automotive
- Yahoo
Leveraged Tesla ETFs Make Big Moves Amid Epic TSLA Stock Skid
Tesla Inc. (TSLA) is on a historic losing streak, falling for eight consecutive weeks—the longest in the company's history. Could this week make it nine in a row? While Tesla investors are licking their wounds, things are even worse for those holding leveraged Tesla ETFs. Shares of Tesla have lost half their value since peaking in December 2024, but the Direxion Daily TSLA Bull 2X Shares (TSLL) has plummeted 80% during the same time frame. On the flip side, inverse Tesla ETFs have surged. The Tradr 2X Short TSLA Daily ETF (TSLQ) has nearly tripled since Tesla's peak, benefiting from the stock's downward trajectory. TSLL and TSLQ are the largest and third-largest Tesla-related ETFs in the U.S., respectively, with $2.9 billion and $324 million in assets under management. But they are just two of the 17 Tesla-related ETFs in the U.S., which collectively hold $4.8 billion in AUM. Including TSLL, five Tesla-focused ETFs offer various levels of leverage on the stock. On the inverse side, there are four ETFs designed to short Tesla at different magnitudes. Then, some ETFs employ covered call strategies on Tesla to generate income. The largest is the $840 million YieldMax TSLA Option Income ETF (TSLY), which has declined around 55% since Tesla's peak—slightly more than the stock itself. Using Tesla options to generate income has become a popular strategy, with five such ETFs currently listed in the U.S. One Tesla ETF taking a different approach is the Simplify Volt TSLA Revolution ETF (TESL), which uses options to 'manage downside risks.' However, that strategy hasn't provided much protection lately—TESL is down 53% since Tesla's peak, slightly worse than the stock itself. The following are two smaller, but intriguing, Tesla ETFs. Battleshares TSLA vs. F ETF (ELON): A pair trade that combines a 2x leveraged long position in Tesla with a 1x short position in Ford Motor (F). The fund, which launched a month ago, is already down 63%. STYKd 100% UBER & 100% TSLA ETF (ZIPP): This fund uses leverage to combine positions in both Tesla and Uber Technologies Inc. (UBER). It launched earlier this month and is already down 19%. Tesla's ongoing decline has put immense pressure on leveraged long ETFs while providing a windfall for inverse ETFs. With Tesla teetering on its ninth-straight week of losses, investors in these funds will be watching closely to see if the trend reverses—or if the selloff | © Copyright 2025 All rights reserved
