🌟🌟🌟I like to use  $Direxion Daily TSLA Bear 1X Shares(TSLS)$ as it is a great way to hedge against the declining share price of Tesla currently.   TSLS is an inverse ETF that provides (-1x) or negative 1 time the effect on the share price on Tesla on a daily basis.  

TSlS is a lot simpler than trading options which are more complex and suitable for experienced traders.  I do not have to worry about call margins and will not lose more than my original investment amount. 

However TSLS is not suitable for long term hold due to its compounding nature.  

Performance wise TSLS is up 3% today and has risen 10% in the past 5 days.  TSLS is now up 65% year todate. 

In the short term, I am Bearish on Tesla due to its eroding profits as it faces intense competition and had to cut prices of its EVs.  However I am long term Bullish on Tesla as it will recover once it has developed its low cost Model 2 to stay competitive.  Tesla is not just an EV company as it is into New Energy and Robotics as well. 

@ETF唔係ET虎  @TigerStars