<div id="readability-page-1"><div>Tesla Inc TSLA stock's wild ride in 2024 has been painful for its leveraged ETFs, and now, the charts are flashing a classic technical red flag: the dreaded Death Cross.Both the Direxion Daily TSLA Bull 2X Shares TSLL and the GraniteShares 2x Long TSLA Daily ETF TSLR have succumbed to this bearish indicator, raising the question: Are things about to get worse, or is this the perfect contrarian bullish signal?Read Also: Tesla’s EV Crown At Risk As BYD Closes In With Breakthrough Charging Tech<h2>Tesla’s Stagnation Weighs On TSLL, TSLR</h2>Tesla stock is down over 30% year-to-date and has shed 7% in the past month, leaving its leveraged ETFs in the dust. TSLL is down nearly 60% YTD, while TSLR is off by almost 59%.<figure><img width="631" height="489" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03112852/Screenshot-2025-04-03-at-8.48.17-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03112852/Screenshot-2025-04-03-at-8.48.17-PM.png"/></figure>Chart created using Benzinga ProA Death Cross, where the 50-day moving average falls below the 200-day moving average, has materialized for both ETFs, typically signaling a prolonged downside.<figure><img width="631" height="489" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03112905/Screenshot-2025-04-03-at-8.48.26-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03112905/Screenshot-2025-04-03-at-8.48.26-PM.png"/></figure>Chart created using Benzinga Pro<h2>Mixed Signals: A Rebound On The Horizon?</h2>Despite the ominous chart patterns, there are glimmers of hope. <figure><img width="631" height="489" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03113001/Screenshot-2025-04-03-at-8.53.46-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03113001/Screenshot-2025-04-03-at-8.53.46-PM.png"/></figure>Chart created using Benzinga ProTesla stock, at $266.18 is above its 20-day simple moving averages (SMAs), indicating short-term buying pressure. The same holds true for TSLL and TSLR, where prices have recently climbed above their 20-day SMAs. Historically, leveraged ETFs can stage vicious comebacks when the underlying stock finds its footing.<h2>Death Cross Or Buying Opportunity?</h2>With Tesla's trend stagnating but not collapsing, traders are left with a classic dilemma: Should they ride the bearish momentum or bet on a turnaround?If Tesla stock continues to show strength above its shorter-term moving averages, a short squeeze in TSLL and TSLR could be on the table. However, if the Death Cross holds true, the pain might not be over.Read Next: <ul><li>Trump Auto Tariffs Could Up Car Prices By $15K, Analyst Calls It ‘Pure Chaos’</li></ul>Image: Shutterstock</div></div>

TSLL

TSLA

Tesla's stock has faced significant declines in 2024, impacting its leveraged ETFs, TSLL and TSLR, which have both experienced a Death Cross, indicating potential further downside. TSLA is down over 30% YTD, while TSLL and TSLR have dropped nearly 60%. Despite this bearish signal, there are signs of short-term buying pressure as Tesla's stock remains above its 20-day moving averages. Traders are now weighing the possibility of a short squeeze against the risk of continued declines.

- Tesla Inc. stock has experienced significant declines in 2024, impacting its leveraged ETFs, which are now showing a Death Cross, a bearish technical indicator.  
- Year-to-date, Tesla stock is down over 30%, with its leveraged ETFs, TSLL and TSLR, down nearly 60%.  
- Despite these negative signals, there are indications of potential short-term buying pressure, leaving traders to weigh the possibility of a rebound against the risk of further declines.

Tesla Leveraged ETFs Hit A Death Cross: Is A Short Squeeze Next For TSLL, TSLR?