Real-time TSLL vs TSLQ performance. The definitive resource for Tesla's most volatile ETFs.
TSLQ (Tradr 2X Short TSLA Daily ETF, formerly the AXS TSLA Bear Daily ETF) is a -2x inverse Tesla ETF — it aims to rise about 2% when Tesla stock falls 1% on the day. It resets daily and is built for short-term bearish trades, not long-term holds. Learn more →
TSLL is a 2x leveraged long Tesla ETF. It aims to return 2x Tesla's daily performance. Also designed for short-term trading — daily compounding means it diverges from 2x over time. Compare them →
Both ETFs suffer from volatility decay — in choppy markets, they lose value even if Tesla stays flat. The longer you hold, the more decay eats into returns. Understand decay →
The essentials on both funds at a glance. Always confirm current figures on the issuer's site before trading.
| Attribute | TSLQ (Bear) | TSLL (Bull) |
|---|---|---|
| Full name | Tradr 2X Short TSLA Daily ETF (formerly AXS TSLA Bear Daily ETF) | Direxion Daily TSLA Bull 2X Shares |
| Issuer | Tradr ETFs | Direxion |
| Daily objective | -2x (-200%) of TSLA | +2x (200%) of TSLA |
| Structure | Daily-reset, swap-based | Daily-reset, swap-based |
| Expense ratio | ~1.17% | ~0.83% |
| Inception | Jul 2022 | Aug 2022 |
| Exchange | Nasdaq | Nasdaq |
| Assets (AUM) | ~$200M (approx.) | ~$5B (approx.) |
| Distributions | Not an income fund — minimal/annual at most | Not an income fund — minimal/annual at most |
| Best for | Short-term bearish TSLA trades | Short-term bullish TSLA trades |
Active traders with a short-term, bearish view on Tesla specifically who can monitor the position daily. Because it targets -2x of TSLA's daily move and resets every day, multi-day returns can diverge sharply from -2x. It is not a buy-and-hold investment.
TSLQ's ~1.17% expense ratio is higher than TSLL's ~0.83%, but the bigger cost is structural: daily-reset compounding. In choppy markets a 2x daily fund can bleed value even when Tesla ends roughly flat. See how decay works →
Everything you need to understand TSLQ, TSLL, and Tesla leveraged ETFs.
Everything you need to know about the inverse Tesla ETF — how it works, who it's for, and the risks of holding it.
Read article → ComparisonSide-by-side breakdown of Tesla's inverse and leveraged ETFs — performance, fees, risks, and which might suit your strategy.
Read article → Deep DiveThe mechanics behind TSLQ — why it resets daily, what volatility decay is, and how that affects your returns over time.
Read article → FAQYou've seen both tickers. One is a tradeable ETF, the other is a Twitter-era nickname. Here's the difference.
Read article → GuideNot all brokers let you trade leveraged inverse ETFs. Here are the best platforms for buying TSLQ or TSLL with low fees.
Read article → ComparisonTwo ways to bet against Tesla without a margin account — but they work very differently. Here's how to pick the right one for your thesis.
Read article → ComparisonIs your bearish thesis about Tesla specifically, or about broad tech? The answer determines which inverse ETF you should use.
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Read article → ComparisonTwo competing 2x long Tesla ETFs go head to head — fees, liquidity, and which one fits an aggressive bullish play.
Read article → StoryBill Gates shorted half a billion dollars of Tesla. Musk found out, texted him directly, and refused to collaborate on climate change. The full story.
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