TSLT: Robotaxi Is A Big Catalyst For Tesla, But Maintain Sell On TSLT
Summary
- T-Rex 2X Long Tesla Daily Target ETF's extreme volatility makes it a poor long-term investment for retail investors; I maintain my sell rating.
- Tesla's sales are weakening due to a stale product lineup and Elon Musk's increasingly polarizing public persona, risking further downside.
- Leveraged ETFs like TSLT can deliver outsized gains in streaky markets, but most investors are better off avoiding them due to compounding losses.
- The upcoming robotaxi launch is a high-stakes catalyst, but I recommend buying TSLA shares directly if bullish, not TSLT.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.