Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares Price & Performance (EVAV)

Tesla has entered its ninth consecutive week of losses, marking the longest losing streak in its history. Share prices have dropped nearly 50% since December, driven by tariff concerns and mounting competition. While some institutional investors maintain confidence, the broader market sentiment remains highly pessimistic.123

Traders eyeing Direxion Daily EVAV shares are advised to act near critical price points. Buying opportunities arise at $18.38 with an upside target of $22.82, while resistance at $22.82 signals potential shorting opportunities. These technical levels offer both risk control and strategic entry points for swing and day traders.4

South Korean retail investors, known as Seohak ants, have purchased over $835 million in Tesla shares this month despite a 20% decline in stock value. Tesla’s struggles, including reduced sales and CEO Elon Musk’s political controversies, have raised concerns about its future trajectory.23