Want to Short TSLA Stock? Check Out the New TSLQ ETF. Shares of Tesla (NASDAQ: TSLA ) have declined by more than 40% year-to-date as Tesla bears rejoice. Meanwhile, AXS Investment’s new leveraged exchange-traded fund (ETF) seeks to gain off TSLA stock’s losses. The AXS TSLA Bear Daily ETF (NASDAQ: TSLQ ) officially launched today and will provide 1x inverse exposure to Tesla, before fees and expenses. AXS also launched other ETFs today, including funds that offer 2x exposure and inverse 2x exposure to Nike (NYSE: NKE ) and Pfizer (NYSE: PFE ). Leveraged single-stock ETFs are already prevalent in Europe, but these will be the first of their kind in the U.S. AXS CEO Greg Bassuk explained: “Whether it is powerful inflation fighting tools, ways to express views on innovation, or a host of other novel investments that previously were unavailable to investors, our goal remains to be the leader in providing investors with access to the tools needed to build portfolios and to trade effectively in today’s volatile markets.” Let’s get into the details.