The Direxion Daily TSLA Bull 2X Shares ETF (NASDAQ:TSLL) promises to deliver twice Tesla's daily returns, making it an appealing choice for investors looking to amplify gains in one of the market's most volatile stocks.
TSLL Vs. TSLS: Trading TSLA Through The Pricing Cycle
Tesla's stock performance might be attracting a heavy dose of criticism when compared to its Magnificent Seven peers. However, CEO Elon Musk reaffirmed his commitment to the electric vehicle (EV) maker.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 370 | $5,046.8 | $3,074.7 | -$1,972.1 | -39.08% |
Adams Wealth Management Adams Wealth Management | 36,000 | $636,590 | $291,960 | -$344,630 | -54.14% |
Jeff Ameen Spire Wealth Management | 1,800 | $37,058 | $13,158 | -$23,900 | -64.49% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 22,559 | $413,076.99 | $164,906.29 | -$248,170.7 | -60.08% |
Sara S. Alexander Sonora Investment Management Group LLC | 10,767 | $132,096.57 | $78,706.77 | -$53,389.8 | -40.42% |
| NASDAQ (NGS) Exchange | US Country |
The fund operates as a specialized investment vehicle focused primarily on Tesla, Inc. (TSLA), a major player in the electric vehicle and clean energy sector. By investing a minimum of 80% of its net assets, along with any borrowed funds, directly into TSLA securities or financial instruments that offer leveraged exposure to TSLA, the fund aims to capitalize on the performance of Tesla. This approach indicates a high concentration strategy, making the fund non-diversified. Such a strategy is designed for investors looking for targeted exposure to Tesla's market actions, with the added element of leverage potentially amplifying the outcomes of these investments.
This core service involves directly investing in Tesla Inc.'s stocks or bonds. The fund targets to allocate at least 80% of its net assets towards TSLA securities. This focused investment aims to provide investors with a dedicated exposure to Tesla, capitalizing on its growth and market performance.
The fund also engages in transactions with financial instruments such as swap agreements and options that are designed to provide leveraged exposure to Tesla. This means the fund not only invests in Tesla’s securities directly but also seeks to magnify the returns through leverage. These instruments can increase the potential gains (or losses) in relation to Tesla's stock performance, thus offering a higher risk-reward ratio compared to direct investments.