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See exactly how TSLZ's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for TSLZ and 80,000+ other tickers.
Under normal market conditions, this ETF seeks to provide a daily return that is 200% inverse (opposite) to the performance of Tesla (TSLA) stock. To achieve this, it typically allocates at least 80% of its net assets to swap agreements. These agreements, entered into with major global financial institutions, involve the fund and the institution exchanging returns to generate daily exposure equivalent to negative 200% of the fund's net asset value, based on TSLA's movements. This investment vehicle operates as a non-diversified fund.
TSLZ is a tactical, not long-term, tool for capturing TSLA downside, best used during short-term declines and with momentum indicators like RSI. Tesla's volatility and unpredictable news-driven swings make timing crucial; holding TSLZ too long risks decay due to daily resets. Despite recent struggles, TSLA is unlikely to see further short-term downside, so a Hold rating is most appropriate for both TSLA and TSLZ.
Wall Street was upbeat last week. Notably, on Friday, the Dow secured its eighth consecutive session of gains.