SavvyLong 2x Tesla ETF

The SavvyLong 2x Tesla ETF is a leveraged exchange-traded fund structured to deliver twice the daily return of Tesla, Inc. common stock, before fees and expenses. Issued as a Canadian mutual fund trust by LongPoint Asset Management, the fund employs derivatives and borrowing strategies to achieve its targeted 2x daily exposure to Tesla’s share price movements. It is intended primarily for sophisticated investors seeking amplified short-term performance tied strictly to Tesla, with no diversification across other equities. The ETF tracks the consumer discretionary sector, focusing exclusively on the automobile manufacturers niche via Tesla. Launched in June 2025, the fund adopts a passive management style, aiming to precisely replicate double the daily moves of its single underlying asset. The SavvyLong 2x Tesla ETF does not pay dividends and does not hedge its currency exposure to the U.S. dollar, exposing shareholders to both Tesla’s equity volatility and U.S. dollar fluctuations. As a niche, single-asset leveraged ETF, it serves a specialized role within the financial markets, enabling investors to express strong, conviction-driven views on Tesla’s stock over short timeframes within a regulated Canadian investment vehicle.