Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF

TSLS

Market cap $82.9M

New York, New York, USA, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Direxion, a leading provider of ETFs for tactical traders, has announced date changes for the reverse split of the issued and outstanding shares of the Direxion Daily MU Bear 1X Shares and Direxion Daily TSLA Bear 1X Shares, (the “Funds”). The total market value of the shares outstanding will not be affected as a result of this split, except with respect to the redemption of fractional shares, as outlined below.

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?

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%.

The primary theme turbocharging the Magnificent Seven is the inclusion of artificial intelligence (AI). Tesla's launch of its AI robotaxi is signaling to its Mag Seven peers that the company is ready to compete with the big boys.

If you're going to be part of the Magnificent Seven, you better do something that's, well

As seasoned investors already know, the 24-hour news cycle can change markets quickly and swiftly. After weathering the tariff tantrum storm, downtrodden Magnificent Seven stocks are starting to look magnificent again thanks to U.S.-China trade deal news, but caution is always warranted.

Tesla's stock performance might be attracting a heavy dose of criticism when compared to its Magnificent Seven peers. However, CEO Elon Musk reaffirmed his commitment to the electric vehicle (EV) maker.

Tesla is down over 20% for the year, but the rest of the electric vehicle (EV) industry isn't necessarily following that same trajectory. In countries like China, they're witnessing growth in EV sales.

Tesla's stock is down over 30% so far in 2025, especially after coming off a rough February. March could be a repeat performance, given the way it's started, opening opportunities for bearish traders.