Bringing you live news and features since 2006 

LSE-listed Tesla ETP up by 1,500% since July


Since listed on the London Stock Exchange on 1 July 2020, GraniteShares 3x Long Tesla Daily ETP has seen its value increase by over 1,500 per cent, which would have turned a USD66,000 investment into over USD1 million.Since July, USD56.6 million has been traded in the GraniteShares 3x Long Tesla Daily ETP, compared to USD29.4 million traded in the GraniteShares 3x Short Tesla Daily ETP.

Will Rhind, Founder and CEO at GraniteShares, says: “Tesla’s share price has increased more than seven-fold in the past year, and this has propelled Elon Musk’s fortune to a whopping estimated USD185 billion.

“The vast majority of those that have invested in Tesla have seen incredible growth with a number of diehard investors becoming ‘Teslanaires’. For the vast majority who have used our leveraged and short Tesla ETPs, they have clearly called it right.
“The election of Biden as President of the United States of America is probably good news for Tesla and the electric vehicle market sector, as it is likely there will be a much stronger green agenda there over the next few years.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by