Description

These Exchange Traded Product (ETP) Securities from Leverage Shares, specifically the 3x Tesla offering, are engineered to deliver three times the daily return of Tesla Inc. stock. This means they aim to magnify the daily price movements of Tesla shares by a factor of three, after all associated fees and expenses are considered. The mechanism for achieving this objective is by meticulously tracking the iSTOXX Leveraged 3x TSLA Index, an underlying benchmark that itself is constructed to reflect triple the daily performance of Tesla's equity.