From Yahoo Finance: 2025-06-06 18:30:00

Shares of Tesla Inc. (TSLA) plummeted 14% on Thursday, causing the Direxion Daily TSLA Bull 2X Shares (TSLL) to drop 28.5%, its second-worst day ever. Despite the decline, investors poured in $140 million into Tesla-focused ETFs, with TSLL receiving $142 million, indicating a bet on a rebound. TSLL has seen $3.1 billion in inflows year-to-date, down from over $7 billion in May, and is now down 60% for the year. The YieldMax TSLA Option Income ETF (TSLY) pulled in $6 million, bringing its total assets to $950 million, making it the second-largest Tesla ETF in the U.S. TSLY sells covered calls on Tesla stock to generate income, resulting in a 21% decline year-to-date, slightly better than Tesla’s 25% drop. The Tradr 2X Short TSLA Daily ETF (TSLQ) gained nearly 29% on Thursday but lost assets as investors pulled $2.5 million, bringing its total assets to around $480 million.



Read more at Yahoo Finance: Traders Buy the Dip in TSLL as Tesla Stock Tanks