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Benzinga
Benzinga
Business
Chris Katje

Want To Bet Against Tesla? There Could Be A New Inverse ETF For Traders

An ETF filed Thursday would bet against one of the most loved stocks and companies and could create a battle with the world’s richest person.

What Happened: Direxion filed an ETF called Direxion Daily TSLA Bear 1X Shares. The ETF would bet against Tesla Inc (NASDAQ:TSLA) on a daily basis and provide exposure to investors who believe the price of Tesla will fall or those looking for a hedge against a long TSLA position.

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