TESL was created on 2020-12-28 by Simplify. The fund's investment portfolio concentrates primarily on consumer discretionary equity. The ETF currently has 21.69m in AUM and 8 holdings. TESL aims to provide capital appreciation by investing in shares of Tesla and related instruments. The fund uses a momentum-based proprietary daily algorithm to adjust the degree of its exposure to the underlying stock. It also utilizes a supplemental options strategy.