TSLR Stock Summary and Trading Ideas (Graniteshares 2X Long Tsla Daily ETF | NASDAQ:TSLR)

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ TSLA). The Fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 2 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day." Tesla, Inc. (TSLA) designs, develops, manufactures, leases, and sells electric vehicles, energy generation and storage systems in the United States, China, and internationally. The company operates in two segments automotive, energy generation and storage.

Graniteshares 2X Long Tsla Daily ETF trades on the NASDAQ stock market under the symbol TSLR.

As of April 2, 2025, TSLR stock price climbed to $17.94 with 4,692,120 million shares trading.

TSLR has a beta of 5.01, meaning it tends to be more sensitive to market movements. TSLR has a correlation of 0.28 to the broad based SPY ETF.

TSLR has a market cap of $187.83 million. This is considered a Micro Cap stock.

TSLR has outperformed the market in the last year with a price return of +48.0% while the SPY ETF gained +9.6%. However, in the short term, TSLR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -58.5% vs -3.3% return in SPY. But in the last 2 weeks, TSLR shares have fared better than the market returning +52.4% compared to SPY +1.1%.

TSLR support price is $14.64 and resistance is $17.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSLR shares will trade within this expected range on the day.