NEW YORK--(BUSINESS WIRE)--Simplify Asset Management (“Simplify”), a leading provider of Exchange Traded Funds (“ETFs”), today unveiled a new ticker for its Simplify Volt TSLA Revolution ETF: TESL.
TESL, which had previously traded with the ticker VCAR, utilizes a dynamic active management approach to capture the potential of Tesla’s stock price movements. The strategy involves a combination of momentum analysis to identify trends in Tesla’s stock price as well as AI-driven sentiment measures to identify short-term opportunities or risks related to Tesla’s business activities. The strategy then adjusts the fund’s exposure to Tesla to one of three strategic postures:
- Aggressive: providing 150% exposure to Tesla when momentum is strong;
- Bullish: providing 100% exposure during steady upward trends; and
- Neutral: providing 80% exposure when conditions are uncertain.
This approach is designed to allow the fund to capture significant potential upside while limiting downside exposure during volatile periods. Simplify also overlays an options strategy on top of the fund’s portfolio to hedge against downside market risks.
“This new ticker better aligns with the fund’s underlying strategy of providing dynamic exposure to Tesla’s stock price movements while implementing an advanced options overlay strategy to manage downside risks,” said David Berns, CIO and Co-Founder of Simplify. “Already one of the more widely followed and held stocks, TSLA is poised to experience even more scrutiny and volatility in the months and years to come, making the TESL approach potentially appealing to investors who may be seeking a more active way to gain exposure to the company.”
ABOUT SIMPLIFY ASSET MANAGEMENT INC
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
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IMPORTANT INFORMATION:
Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus or Summary prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest.
An investment in the fund involves risk, including possible loss of principal.
The fund is actively-managed and is subject to the risk that the strategy may not produce the intended results. The Fund is non-diversified meaning it may focus more of its assets in a limited number of investments especially in the robocar disruption and technology sector and may be more likely to be adversely affected by any negative events affecting a particular security or sector than a more diversified fund.
Companies that are developing robocar and autonomous driving technologies that seek to disrupt or displace established technology institutions generally face fierce competition. Robocar companies may not be able to currently derive any revenue or capitalize on their disruptive technologies if they face political and/or legal attacks from competitors, industry groups or governments. Laws generally vary by country, creating challenges to achieving scale. Additionally, artificial intelligence, electric energy and autonomous driving companies may be adversely impacted by potential rapid product obsolescence, cybersecurity attacks, increased regulatory oversight and disruptions in the technology they depend on.
Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies. In addition, they may have limited markets, product lines or financial resources and lack management experience. The Fund’s investments in foreign securities can be volatile or less liquid and may lose value due to currency fluctuation, political, economic and geographic events affecting a foreign issuer or market.
Options are a derivative instrument which involves risks different from or possibly greater than investing directly in other investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. While the option overlay is intended to improve the Fund’s performance, there is no guarantee that it will do so.
Simplify ETFs are distributed by Foreside Financial Services, LLC. Foreside and Simplify are not related.
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