Corgi TSLA 2x Daily ETF (TESC)

The Corgi TSLA 2x Daily ETF (TESC) is a leveraged single-stock exchange-traded fund from Corgi that seeks daily investment results equal to twice the daily percentage change in the share price of Tesla, Inc. (NASDAQ: TSLA).

Tesla designs and manufactures electric vehicles, battery energy storage systems and solar products, and develops autonomous driving and robotics technology. The fund gains its leveraged exposure primarily through swap agreements and other derivatives referencing Tesla stock rather than owning a diversified portfolio.

The 2x objective resets daily. Over periods longer than one day, compounding can cause performance to diverge significantly from twice Tesla's return, particularly in volatile markets, so the fund is intended for short-term trading.