The GraniteShares 2x Short TSLA Daily ETF (TSDD) is designed to deliver daily returns that are two times the inverse (-200%) of the daily price movement of Tesla Inc. (NASDAQ: TSLA) common stock, before factoring in any fees or expenses. Investors should be aware that the Fund does not guarantee it will consistently meet this daily target. Furthermore, TSDD is specifically structured for single-day holding periods and is not intended to replicate -2 times the cumulative performance of TSLA over durations longer than one day.