From Nasdaq

February 18, 2025 11:55 am:

Defiance ETFs launched ELON, a new ETF focusing on the automotive industry’s battle between innovation and tradition. ELON pairs bullish bets on Tesla with bearish ones on Ford. The unique investment strategy includes a leveraged long position in Tesla and a short position in Ford, offering potential for high gains and losses. The ETF has a 1.29% expense ratio. Investors with high risk tolerance and strong convictions in the industry may find ELON intriguing. It is essential to note that the leveraged positions amplify both gains and losses, making it more suitable as a complement to a diversified portfolio. The concept of pairing long positions in innovative companies with short positions in traditional ones is innovative in the ETF space. Defiance ETFs plans to expand the Battleshares lineup with similar pairings in different industries. The launch of ELON ETF provides a unique investment opportunity for those interested in the ongoing competition between disruptors and established players in various industries.

Read more at Nasdaq: Is the New Tesla vs. Ford ETF ELON a Game-Changer for Investors?