TSLQ's share price history reflects one fundamental truth: it is a mirror of Tesla's daily moves, amplified by 2x, and running in the opposite direction. On days Tesla drops, TSLQ surges. On days Tesla rallies, TSLQ falls. Over longer time horizons, the price record is shaped as much by volatility decay as by Tesla's direction.
Live price: For the current TSLQ price and its daily move vs TSLL, see the TSLQ.com live tracker. Historical OHLCV data is available on Yahoo Finance (ticker: TSLQ) and most financial data providers.
TSLQ holds swap agreements — derivative contracts with counterparties that pay -2x Tesla's daily return. The fund's Net Asset Value (NAV) is marked to market at the end of each trading day based on where these swaps are valued. Throughout the day, market makers continuously update TSLQ's quoted price to track the intraday -2x move.
Three forces drive TSLQ's price on any given day:
| Day | TSLA Move | TSLQ Target Move | Cumulative Effect |
|---|---|---|---|
| Monday | −4% | +8% | TSLQ gains significantly |
| Tuesday | +5% | −10% | Much of Monday's gain erased |
| Wednesday | −3% | +6% | Partial recovery |
| Thursday | +3% | −6% | Gain reduced |
| Friday | −1% | +2% | Small gain |
| Net (TSLA) | ≈ −0.2% | — | TSLQ still negative overall |
Even though Tesla was nearly flat on the week, TSLQ can still lose value due to the compounding math of daily-reset leverage. This is volatility decay.
The single most important thing to understand about TSLQ's price history is volatility decay — the mathematical erosion that happens when you compound daily -2x returns over multiple days. It is not a fee or a bug. It is an inherent property of any daily-reset leveraged product.
Tesla oscillates ±10% for 5 days. Tesla ends down 1%. TSLQ ends down ~19%.
Result after 5 days: TSLA ≈ −1%, TSLQ ≈ −19%. Tesla barely moved. TSLQ lost nearly a fifth of its value.
This is why TSLQ's long-term price chart looks structurally different from simply inverting a Tesla chart. In sideways or choppy markets, TSLQ can lose value even without a clear Tesla uptrend. In strongly trending Tesla bear markets, TSLQ can perform remarkably — but timing it is the challenge.
TSLQ's best single-day and multi-week runs have coincided with sharp, sustained Tesla selloffs — particularly when broader macro conditions (rising rates, recession fears, Elon Musk-specific controversies) created sustained selling pressure. Some notable environment types:
When Tesla opens significantly lower after a bad earnings report, a Musk news event, or a broader market selloff, TSLQ can gain 15–25% in a single session. These are the trades TSLQ is designed to capture — clear, fast, directional moves.
During multi-month Tesla downtrends (e.g., late 2022 when TSLA fell over 60% from peak to trough), a position in TSLQ held at the right time would have gained substantially. However, volatility decay still erodes gains during any whipsaw periods within the trend, so the actual return is nearly always less than "2x the total Tesla decline" over any multi-week period.
Events like Musk's Twitter acquisition and subsequent distraction controversy, executive departures, or political backlash have sometimes created persistent Tesla underperformance windows where TSLQ held its ground better than average. These events are hard to predict but create real opportunities for short-term TSLQ traders.
Bear market signal: TSLQ performs best not just when Tesla falls, but when Tesla falls in a sustained, trending way with low whipsaw. The more Tesla bounces around without direction, the faster volatility decay eats TSLQ's value.
TSLQ's most painful periods have come during strong Tesla rallies — especially sudden ones. A single day where TSLA surges 15–20% on a positive earnings surprise or a surprise Cybertruck delivery milestone can wipe out weeks of prior TSLQ gains. Holding TSLQ through a Tesla bull run is one of the most reliably destructive things a retail investor can do with a leveraged product.
TSLQ also suffers during high-volatility sideways periods — where Tesla swings 5–10% daily in both directions without a clear trend. This is the volatility decay scenario described above. Choppy Tesla markets are as dangerous for TSLQ as bullish ones.
TSLQ historical OHLCV (Open, High, Low, Close, Volume) data is available free from several sources:
| Source | Coverage | Notes |
|---|---|---|
| Yahoo Finance | Full history since launch | Search "TSLQ"; download CSV available |
| Nasdaq.com | Full history | Official listing page |
| Tradr ETFs (issuer) | Full history + NAV data | Most accurate for NAV vs price comparison |
| Brokerage platforms | Varies (usually 1–5 years) | Varies by broker; Schwab, Fidelity have good charting |
This is volatility decay — the mathematical erosion caused by compounding daily leveraged returns in volatile markets. It's inherent to all daily-reset leveraged ETFs and affects TSLQ regardless of which direction Tesla moves, as long as Tesla is volatile.
TSLQ targets -2x the daily price return of TSLA — not the total return. Since TSLA pays no dividend, this distinction doesn't matter much in practice, but it's worth noting for precision.
The live TSLQ price and its daily move are tracked on the TSLQ.com homepage, updated throughout the trading day. You can also check Yahoo Finance or your brokerage app by searching the ticker TSLQ.
This can happen due to intraday timing (TSLQ rebalances at close), a premium-to-NAV correcting, or because Tesla fell at a time when TSLQ was already priced in a move. Check the official NAV from the issuer vs the closing price to identify if there was a premium/discount effect.
TSLQ's price range has been wide since launch, reflecting Tesla's extreme volatility. For current all-time high/low data, check Yahoo Finance (ticker: TSLQ) which maintains the full historical record going back to the fund's inception.
TSLQ and other leveraged or inverse ETFs are built to track a multiple of Tesla's single-day return and reset every day. Because of daily-reset compounding (volatility decay), results over any period longer than one day can differ dramatically from the stated multiple — and these funds can lose value even when Tesla is roughly flat. They are high-risk, short-term trading tools for sophisticated investors, and you can lose some or all of your investment. This page is for informational purposes only, is not financial, investment, or tax advice, and is not affiliated with any fund issuer. Always verify current figures with the issuer and consult a licensed professional before trading.