Direxion Daily TSLA Bull 2X Shares ETF: A High-Risk, High-Reward Investment Opportunity Amidst Tesla's Crash

The Direxion Daily TSLA Bull 2X Shares ETF (NASDAQ:TSLL) is a fund that tracks Tesla stock, but with twice the daily performance. Following Tesla's crash on Monday, investors may now have a better opportunity to enter the market.

The Direxion Daily TSLA Bull 2X Shares ETF (TSLL) experienced a significant surge of nearly 10% on Tuesday following Tesla Inc. (TSLA) reporting a year-over-year decline in second-quarter vehicle deliveries. Despite the decline, the actual numbers were better than some analysts had feared. Tesla delivered approximately 384,000 vehicles during the second quarter, down 13.5% from a year earlier, which was less severe than the 20% drop anticipated by some investors [2].

The TSLL ETF, which aims to deliver twice the daily performance of Tesla stock, has been a popular tool for investors betting on a Tesla rebound. The fund has attracted $4.2 billion in inflows this year and now manages $5.5 billion in assets. However, the performance has been challenging, with TSLL down 57% year to date compared to a 22% drop in Tesla shares [2].

The latest delivery numbers, while not disastrous, are unlikely to serve as a long-term catalyst on their own. Tesla continues to face significant questions regarding the demand for its electric vehicles (EVs) and the capabilities of its autonomous vehicle technology. The stock remains in a holding pattern, which can be detrimental to leveraged ETFs like TSLL due to choppy price action [2].

The TSLL ETF is listed on the NASDAQ stock exchange and has a market capitalization of $925.09 billion. As of July 2, 2025, TSLL is trading at $10.57, with a previous close of $10.10. The stock has fluctuated within a day range of $10.05 to $11.12, while its 52-week range spans from $6.29 to $41.50 [1]. The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) offers a dividend yield of 5.01% [1].

Investors should carefully consider the risks associated with TSLL, given its leveraged nature and the volatile performance of Tesla stock. As always, it is essential to conduct thorough research and seek professional advice before making investment decisions.

References:
[1] https://www.investing.com/etfs/tsll
[2] https://finance.yahoo.com/news/tsll-surges-despite-big-drop-000000317.html