Direxion Daily TSLA Bull 2X Shares

TSLL

Market cap $4.98B

Tariffs continue to be the wild card swaying markets, but traders can agree that it clears a pathway for potential ideas. The Supreme Court's landmark ruling that struck down presidential tariff authority could create a high-velocity trading environment—a perfect setup for Direxion's suite of leveraged-inverse ETFs.

Meta, Microsoft, and Tesla reported earnings after the bell, with investors looking for indicators that the Magnificent Seven is still magnificent in the early going of 2026. The result—so far so good—but was it magnificent?

Elon Musk became the first person to reach a net worth of $700 billion after Delaware's Supreme Court reinstated $139 billion in Tesla, Inc. (TSLA) stock options that were previously voided, creating renewed attention for single-stock ETFs tracking the electric vehicle maker.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

The overwhelming majority of single-stock ETFs and leveraged or inverse strategies are owned, not by institutional investors, but by retail investors. Individuals are pouring billions into increasingly complex products on bullish beliefs, and now volatility is testing these strategies.

Some of these risky funds have been missing their goals, Morningstar says.

Shares of Tesla (TSLA) fell 1.30% two weeks ago, after the EV giant reported mixed third-quarter results. Elon Musk's company said overall revenue rose 12%.

Tesla (TSLA) stock is usually evaluated through the prism of electric vehicles (EVs), and rightfully so. After all, Elon Musk's company is the largest domestic EV manufacturer and one of the largest makers of those vehicles in the world.

Give Tesla (TSLA) stock some credit. While its year-to-date gain of nearly 11% trails the S&P 500, it's doubled off its April trough — a feat accomplished despite sluggish sales and the removal of the federal electric vehicle (EV) tax credit, which had long been enticement for drivers to try EVs.

After spending significant time as the outcast/overt laggard in the magnificent 7, Tesla (TSLA) has snapped out of its funk. Even with a 2% dip on Sept.