SavvyLong 2x Tesla ETF

SavvyLong 2x Tesla ETF is a leveraged exchange-traded fund designed to deliver two times (2x) the daily performance of Tesla, Inc. common stock, before fees and expenses. Structured as a Canadian mutual fund trust and issued by LongPoint Asset Management, this ETF employs financial derivatives and borrowing strategies to amplify the daily returns of its single underlying equity, Tesla. The fund adopts a passive management approach, aiming to precisely mirror Tesla’s daily price movements at twice the magnitude, making it a targeted tool for investors seeking leveraged exposure to the U.S. consumer discretionary sector, specifically within the automobile manufacturers segment. Launched in June 2025, SavvyLong 2x Tesla ETF does not pay dividends and is categorized as a niche, single-asset leveraged product. Its design and purpose are to enable sophisticated market participants to capitalize on short-term trends in Tesla’s stock, utilizing leverage within a regulated Canadian framework.