Tesla ETF Rout Deepens As Nvidia Democratizes Self-Driving AI - Mobileye Global (NASDAQ:MBLY), NVIDIA (NASDAQ:NVDA)
Benzinga·2026-01-07 20:06

Tesla Inc (NASDAQ:TSLA) –linked ETFs are coming under renewed pressure as the assumptions underpinning the EV maker’s long-term growth story face fresh scrutiny. The ProShares Ultra TSLA ETF (NYSE:TSLI) is down around 27% from its December peak, highlighting how quickly leveraged exposure can unwind when sentiment shifts against the stock.The latest catalyst came this week after Nvidia Corp's (NASDAQ:NVDA) CES announcements, which sent Tesla shares down 4.1% in a single session. Nvidia unveiled Alpamayo, a ...