TSLL Direxion Daily Tesla Bull 2X ETF is up 30% today!
πππElon Musk's recent visit to China has been rewarding as $Tesla Motors(TSLA)$
Both Tesla and Baidu are up with Tesla jumping 15.3% today while Baidu is up 5.6% too.
$Direxion Daily TSLA Bull 1.5X Shares(TSLL)$ provides 2 times leveraged exposure to the daily price movement for Tesla shares.
TSLS is a great short term tactical tool that can capture the current upward momentum of Tesla shares. However it is not meant for long term hold due to its compounding nature.
The expense ratio is 0.96%.
Performance wise TSLS has jumped a huge 30.9% today and in the past 5 days, it is up a whopping 77%! After Monday's surge TSLL has over USD 1 billion in Assets Under Management for the first time since December, despite falling as low as USD 557 million last week.
I like TSLL as it is a simple easy way to capture the current upswing of Tesla shares rather than using Options Trading Strategies which are much more complex. My losses are capped at my original investment where as in Options Trading, I can also lose much more. I also do not have to own 100 shares of Tesla to buy TSLL.
CEO Elon Musk said that Tesla would unveil Robotaxi on August 8. If the Robotaxi 's announcement fails to impress investors, TSLL may drop.
Tesla' s latest FSD announcement is a milestone for Tesla as China has the world's largest EV market. This good news will continue to drive up Tesla shares despite slowing sales of Tesla 's vehicles.
@Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @CaptainTiger
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- ZhongRenChunΒ·05-02TOPthe car market is oversaturated with too much competition. Tesla should focus on robots with Optimus. the robot market is barely competitive. robots is the real future. Tesla needs to focus on Optimus, that's their greatest strength.2Report
- Taurus PinkΒ·04-30TOP[ιΎη] [ιΎη] [ιΎη]1Report