$Direxion Daily TSLA Bull 2X S

$Direxion Daily TSLA Bull 2X Shares(TSLL)$ is in free fall. I would say a probable bottom is 19-20 range. This is a quite volatile stock as it is linked to $Tesla Motors(TSLA)$

Tesla has a great potential with robo taxi and optimus robot. Also, great dangers such as Elon's political haters and enemies, Elon's DOGE role being a distraction, and a possible fallout of the relationship with DJT. The current bearish market is not helping either. This makes this a high risk - high reward stock.

I have a few hundreds of TSLL and it seems a long position at the moment. I have a hedge in place with a LEAP short CALL to cover 25% down turn. But this may slip below the break-even. Hopefully, this will bounce back in a few months or in a year in a worse case scenario.

Modified in.02-06

Tesla Sales Plunge: Can Robotaxi Save it from Collapse?

In May, Tesla registered new cars has dropped 12.3% in France. Chinese electric-vehicle companies posted another strong month of growth in May. Li Auto delivered 40,856 vehicles in May, up 17% from a year earlier. XPeng saw deliveries jump 230% from last year to 33,525. NIO's deliveries rose 13% to 23,231 vehicles in May. NIO shares were up 1.4%. Fortunately, there is good news. Tesla plans to launch its Robotaxi service on June 12 in Austin, Texas. ----------- Can Robotaxi save tesla stock in June? Is Tesla lagging behind in ev industry?

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Comments

Kiwi_G
02-07
Kiwi_G
i have TSLL 😭 was going to cut losses at sub $360 as dont have leap short call (never done one before) and time decay issue. now looks like will go sub $360 after recent news. might have to cut loss for me 😞 .
- Kiwi_GReplyRuw:
  best of luck. 🍀 current market conditions pretty dire for tesla. leason learnt holding the leaveraged etf esp - current sentiment around elon plus sales numbers changed so quick. bah! should have seen it coming. have a nice weekend ☺️
- RuwReplyKiwi_G:
  Honestly, I don’t know. Cutting losses is totally a personal decision. TSLA is high risk high reward stock. But I remember not so long ago it was like 180, then went to 470, now back to 360. So, either way is possible, but 420-450 is not impossible .
- Kiwi_GReplyRuw:
  Oh no. I sold 60% this morning 😔 it’s just hit post market $360 so was hoping for a bounce here. Without a Leap call, could my 40% TSLL recover (eventually) or locked in losses? 🤔
- Ruw:
  True. TSLL is heading to 20 so rapidly. When I did my OG post, it was trading mid 22s. I think 19 and even 18 is not out of reach. I had a LEAP Sell CALL to cover this buy now it is below that as well. 5k unrealised loss so far, but I got 4k from the LEAP. TSLA should bounce back in a few weeks.

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