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.
TSLS ETF Fact Check
| What it is | TSLS is Direxion Daily TSLA Bear 1X Shares, an inverse ETF tied to Tesla Inc (TSLA). |
|---|---|
| Daily target | 1x Inverse exposure before fees, expenses, tracking error, and daily compounding effects. |
| Cost check | Expense ratio shown here: 1.07%. Verify the latest fee, holdings, and prospectus on the issuer page before trading. |
| Holding-period check | Even 1x inverse ETFs reset daily, so longer holding periods can diverge from the simple inverse index move. |
Source checks: Direxion ETF pages for current fund documents and the SEC/FINRA leveraged and inverse ETF bulletin for daily reset risk. Inception shown here: See issuer.
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