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TESLA INVESTORS STILL GOING STRONG WITH ELON MUSK DESPITE TWITTER

TESLA INVESTORS STILL GOING STRONG WITH ELON MUSK DESPITE TWITTER

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Topic: Industrials

TESLA INVESTORS STILL GOING STRONG WITH ELON MUSK DESPITE TWITTER

New data (1) from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK, US, and European stocks, shows Tesla investors are still supporting Elon Musk for the long-term following his $44 billion acquisition of Twitter.

The deal has prompted speculation about how the billionaire will fund the all cash acquisition with claims he may sell stock in Tesla or SpaceX. Other options include partnering with backers to fund the deal. Tesla shares have fallen heavily dropping 12.2% and wiping  more than $125 billion off its value.

GraniteShares data shows Tesla investors are still supportive however – it is the best performing US long ETP 3LTS  gaining 4.6% in the past week.

Top performing long ETPs in the UK and Europe respectively were Lloyds Bank +3x Lloyds Bank (3LLL) up 7.3% and Danone +3x Danone (3LDA) up 14.2%. The best performing short ETPS were Rio Tinto in the UK -3x Rio Tinto (3SRI) up 29.6%, Netflix in the US 3x Netflix (3SNF) up 119% and ENI in Europe 3x Eni (3SEN) up 13.3%.

Will Rhind, Founder and CEO of GraniteShares, said: “Tesla remains one of the most exciting stock market stories of the past decade and there has always been major volatility along the way as markets react to announcements by Elon Musk.

“That said the $44 billion acquisition of Twitter is a major surprise even for Elon Musk. So far investors remain supportive with the long ETP the best performer in the US.

“That’s despite the recent decline in technology stocks indicating that sophisticated investors believe there is a strong future for Tesla no matter how the Twitter acquisition impacts on its CEO’s finances or time.”

GraniteShares offers a total of 106 exchange traded products (ETPs) listed on national exchanges in UK, France, Italy & Germany. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and European markets. Other product launches last year included the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor.

Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google 

ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.

 

GraniteShares suite of ETPs on FAANG stocks

Product Name Ticker

GraniteShares FAANG ETP

FANG

GraniteShares GAFAM ETP

GFAM

GraniteShares FATANG ETP

FTNG

 

Leveraged ETPs on FAANG indices

Underlying Index +3x Long -3x Short  -1x Short

FAANG

3FNG

3SFG

SFNG

GAFAM

3GFM

3SGF

SGFM

FATANG

3FTG

3SFT

SFTG

 

UK Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

AstraZeneca

3LAZ

3SAZ

BAE Systems

3LBA

3SBA

Barclays

3LBC

3SBC

BP

3LBP

3SBP

Diageo

3LDO

3SDO

Glencore

3LGL

3SGL

Lloyds Banking Group

3LLL

3SLL

Rio Tinto

3LRI

3SRI

Royal Dutch Shell

3LRD

3SRD

Rolls-Royce

3LRR

3SRR

Vodafone

3LVO

3SVO

 

US Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

Alphabet

3LAL

3SAL

Amazon

3LZN

3SZN

Apple

3LAP

3SAP

Facebook

3LFB

3SFB

Microsoft

3LMS

3SMS

Netflix

3LNF

3SNF

NIO

3LNI

3SNI

NVIDIA

3LNV

3SNV

Tesla

3LTS

3STS

Uber

3LUB

3SUB

 

Capital at risk

-Ends-

Notes to editors:

(1) 3LTS | 3x Long Tesla Daily ETP | GraniteShares

For further information please call Phil Anderson at Perception A on 07767 491 519 / 07983 335 021.

GraniteShares: A brief history

GraniteShares is an entrepreneurial ETP provider focused on providing professional investors with innovative, cutting-edge investment solutions. We believe the future of investing lies at the nexus of alternative thinking, low fees, and disruptive product structures—the core of our high conviction philosophy. Backed by Bain Capital Ventures, we launched our first product in 2017 and are now among the fastest growing ETP issuers with over $1.6 Billion in assets under management* spanning a full array of investment strategies.

This press release is issued by GraniteShares Limited. GraniteShares Limited (FRN 798443) is an appointed representative of Kroll Securities Ltd. (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

ETPs are issued by GraniteShares Financial PLC, a company incorporated in Ireland.

Investing in GraniteShares ETPs on U.S. listed stocks

Those trading GraniteShares new US leverage and inverse ETPs will not need to complete a W-8BEN form (US Department of the Treasury, Internal Revenue Service, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting).

The ETPs can be held in self-select ISAs and SIPPs.

There is no margin requirement and losses cannot exceed the amount invested.

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