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The Direxion Daily TSLA Bear 1X Shares (TSLS) seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Tesla, Inc. (NASDAQ: TSLA) This means that the return of the fund for a period longer than a trading day will be the result of each single day's compounded return over the period, which will very likely differ from -100% of the return of TSLA for that period. Longer holding periods and higher volatility of TSLA increase the impact of compounding on an investor's returns. During periods of higher volatility, the volatility of TSLA may affect the fund's return as much as, or more than, the return of TSLA. Further, the return for investors that invest for periods longer or shorter than a trading day should not be expected to be -100% of the performance of TSLA for the period.
Direxion Daily Tsla Bear 1X trades on the NASDAQ stock market under the symbol TSLS.
As of February 24, 2026, TSLS stock price declined to $5.54 with 59,145,570 million shares trading.
TSLS has a beta of -1.65, meaning it tends to be less sensitive to market movements. TSLS has a correlation of 0.33 to the broad based SPY ETF.
TSLS has a market cap of $71.74 million. This is considered a Micro Cap stock.
In the last 3 years, TSLS traded as high as $34.92 and as low as $4.62.
TSLS has underperformed the market in the last year with a return of -38.3%, while the SPY ETF gained +15.8%. In the last 3 month period, TSLS fell short of the market, returning -6.1%, while SPY returned +4.6%. However, in the most recent 2 weeks TSLS has outperformed the stock market by returning +2.0%, while SPY returned -1.0%.
TSLS support price is $5.54 and resistance is $5.82 (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 TSLS shares will trade within this expected range on the day.
