TSLS
1x Short
Direxion Daily TSLA Bear 1X Shares
Shorts: Tesla Inc (TSLA)
Expense Ratio
1.07%
Leverage
1x Inverse
Issuer
Direxion
Type
Single Stock
TSLS is the Direxion Daily TSLA Bear 1X Shares ETF, which provides inverse (-100%) daily exposure to Tesla stock. It rises when Tesla falls and is designed for short-term bearish positions on TSLA.
Single Stock Concentration Risk
TSLS tracks a single company with no diversification. Tesla is highly volatile and can move 10%+ on earnings or news. This ETF is designed for short-term trading only.
What TSLS Shorts
TSLS provides 1x inverse (-100%) daily exposure to Tesla Inc common stock. When Tesla falls 1% in a day, TSLS aims to rise approximately 1%.
Tesla is one of the most volatile large-cap stocks, making this ETF particularly risky despite being only 1x leveraged.
Key Risks
- Single stock risk: No diversification - 100% exposure to one company
- Tesla volatility: Can move 10-20% on earnings, tweets, or news
- Earnings risk: Massive gaps possible around quarterly reports
- Daily reset: Still subject to decay over time