##  [# Leveraged Tesla ETFs Make Big Moves Amid Epic TSLA Stock Skid](/sections/news/leveraged-tesla-etfs-make-big-moves-amid-epic-tsla-stock-skid) 

 

# Leveraged Tesla ETFs Make Big Moves Amid Epic TSLA Stock Skid

 

 

Tesla stock is on a historic losing streak, falling for eight consecutive weeks.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Mar 19, 2025

 Edited by: David Tony

 

 

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[Tesla Inc. (TSLA)](/stock/tsla) is on a historic losing streak, falling for eight consecutive weeks—the longest in the company's history. Could this week make it nine in a row?

While Tesla investors are licking their wounds, things are even worse for those holding leveraged Tesla ETFs.

## Leveraged ETF Gains and Losses

Shares of Tesla have lost half their value since peaking in December 2024, but the [**Direxion Daily TSLA Bull 2X Shares (TSLL)**](/tsll) has plummeted 80% during the same time frame.

On the flip side, inverse Tesla ETFs have surged. The [**Tradr 2X Short TSLA Daily ETF (TSLQ)**](/tslq) has nearly tripled since Tesla’s peak, benefiting from the stock’s downward trajectory.

TSLL and TSLQ are the largest and third-largest Tesla-related ETFs in the U.S., respectively, with $2.9 billion and $324 million in assets under management. But they are just two of the 17 Tesla-related ETFs in the U.S., which collectively hold $4.8 billion in AUM.

 
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## The Tesla ETF Landscape

Including TSLL, five Tesla-focused ETFs offer various levels of leverage on the stock. On the inverse side, there are four ETFs designed to short Tesla at different magnitudes.

Then, some ETFs employ [covered call](https://www.etf.com/sections/etf-basics/what-covered-call-etf) strategies on Tesla to generate income. The largest is the $840 million [**YieldMax TSLA Option Income ETF (TSLY)**](/tsly), which has declined around 55% since Tesla’s peak—slightly more than the stock itself.

Using Tesla options to generate income has become a popular strategy, with five such ETFs currently listed in the U.S.

One Tesla ETF taking a different approach is the [**Simplify Volt TSLA Revolution ETF (TESL)**](/tesl), which uses options to “manage downside risks.” However, that strategy hasn’t provided much protection lately—TESL is down 53% since Tesla’s peak, slightly worse than the stock itself.

The following are two smaller, but intriguing, Tesla ETFs.

- [**Battleshares TSLA vs. F ETF (ELON)**](/elon): A pair trade that combines a 2x leveraged long position in Tesla with a 1x short position in [Ford Motor (F)](https://www.etf.com/stock/F). The fund, which launched a month ago, is already down 63%.
- [**STKD 100% UBER &amp; 100% TSLA ETF (ZIPP)**](/zipp): This fund uses leverage to combine positions in both Tesla and [Uber Technologies Inc. (UBER)](https://www.etf.com/stock/uber). It launched earlier this month and is already down 19%.

## The Bottom Line 

Tesla’s ongoing decline has put immense pressure on leveraged long ETFs while providing a windfall for inverse ETFs.

With Tesla teetering on its ninth-straight week of losses, investors in these funds will be watching closely to see if the trend reverses—or if the selloff continues.



 

 

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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


 Related Topics  [Inverse ETFs](http://www.etf.com/topics/inverse-etfs)