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Benzinga
Benzinga
Business
Chandrima Sanyal

TSLQ Breakout Stalls As Tesla's AI Chip Shockwave Flips The Trade

Elon Musk Nasdaq ETF Tesla Inc. China
Tesla Inc.

The Tradr 2X Short TSLA Daily ETF (NASDAQ:TSLQ) entered the final week of November with solid momentum, having climbed double digits month-to-date as Tesla Inc’s (NASDAQ:TSLA) shares wilted on weak China sales data, valuation concerns and jitters around the so-called "Big Beautiful Bill." By Friday, the single-stock bearish ETF was up by over 30% for November, attracting traders looking to capitalize on Tesla's extended pullback.

However, that momentum evaporated almost instantly on Monday.

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