TSLS Direxion Daily TSLA Bear 1x ETF - A Tactical Play on Tesla's Downward Trend

🌟🌟🌟$Tesla Motors(TSLA)$ 

Tesla's shares fell on Thursday after it warned of notably slower growth in 2024 and said that its profit margin took a hit last quarter.  Tesla finished down 13.6% in the past 5 days, making its lowest close since May 2023.  Tesla was the worst performer in the S&P500 as well as its most active traded stock.

Tesla's revenue came in at USD 25.17 billion, missing analysts estimates of USD 25.87 billion.   4Q23 earnings per share was 71 cents versus Wall Street expectations of 73 cents.  It was the 2nd straight quarter that Tesla fell short of earnings forecast, following a strong better- than- expected results stretching back to 2021.

Tesla's operating margin almost halved to 8.2% from the same period in 2022, driven partly by an increase in costs related to the production of the Cybertruck pickup.  Cybertruck went into production in December 2023.

Tesla has been cutting prices for more than a year in an effort to boost sales as it faces intensifying competition from its competitors in China.

Tesla's share price has breached the USD 200 mark to close at USD 183.25. 

$Direxion Daily TSLA Bear 1X Shares(TSLS)$ is a great tactical way to profit from Tesla 's downward momentum.  TSLS seeks daily investment results of 100% of the inverse or opposite to the performance of Tesla' s share price.  It is not advisable to hold TSLS long term as it increases the impact of compounding on its returns.

Performance wise TSLS is up 14.2% in the past 5 days and year todate it is up 33%.  However in the past year TSLS was down 21%.

The expense ratio is 1.07%.  Assets Under Management is USD64.61 million.  TSLS pays dividends every 3 months.  The current dividend is 3.99%.

I like$Direxion Daily TSLA Bear 1X Shares(TSLS)$ as it is a simple and low cost  way to profit from the current down trend on Tesla.  It does not have the complexities in trading options.  However TSLS is only suitable for active traders who monitor the markets closely and not a Buy and hold kind of ETF.

I view the current volatility in Tesla shares as a temporary setback as I believe that Tesla will be able to bounce back in the long term. 

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