- Business
- Leverage Shares 3x Tesla ETP Securities (3TSL.L) is an exchange-traded product (ETP) issued by Leverage Shares Public Limited Company that provides three times (3x) the daily performance of Tesla Inc. (TSLA) common stock, net of fees and expenses; it tracks the iSTOXX Leveraged 3x TSLA Index through physical replication by directly investing in TSLA shares supplemented by margin borrowing from providers such as Interactive Brokers LLC and/or Morgan Stanley & Co. LLC. The ETP features an intraday rebalance mechanism known as an "airbag" to cushion large intra-day declines, trades like an equity on major exchanges with multiple market makers ensuring liquidity, and carries an annual management fee of 0.75% alongside a maximum margin rate of the Fed Funds Effective Overnight Rate plus 2%; it is structured as a collateralized debt instrument domiciled in Ireland with ISIN XS2757381400. Launched on March 17, 2021, and listed on the London Stock Exchange in GBP (3TSL.L), USD (TSL3.L), and EUR (3TSE.L) tranches, along with Euronext Amsterdam, Borsa Italiana, and Frankfurt Stock Exchange, the product targets sophisticated investors in the United Kingdom, Germany, Italy, Netherlands, Ireland, France, Spain, Poland, Belgium, and Canada who monitor positions daily due to leverage compounding effects. Leverage Shares Public Limited Company, founded in 2017 and headquartered in Greenwich, Connecticut, with key operations in Dublin, Ireland, operates as a pioneer in single-stock ETPs offering leveraged (up to 5x long), inverse (up to -5x short), and delta-one (1x) exposures to over 180 global equities, ETFs, indices, and commodities across Europe and the US. In September 2025, Leverage Shares expanded its portfolio with the launch of 19 new ETPs on the London Stock Exchange, including the first-ever 3x leveraged products on Robinhood (HOOD), Hims & Hers (HIMS), and UnitedHealth (UNH), alongside 3x long and short exposures to Intel (INTC), Broadcom (AVGO), ASML, and Eli Lilly (LLY), 5x long/short on FTSE 100 and FTSE MIB indices, a 3x long FAANG+ basket, and a white-label Pantarai ADAPT ETP, amid record-breaking trading with year-to-date turnover through August 2025 up 86% versus 2024.