The Graniteshares 2x Long TSLA Daily ETF (TSLR) closed down 6.99% at $47.67 on December 20th, as Tesla's stock faced a turbulent trading session. Tesla shares initially dropped as much as 6% in premarket trading, continuing a slide from earlier in the week, but managed to recover some losses by midday. The volatility comes amid profit-taking following a post-election rally that saw Tesla's stock surge by 72% since November 5th. Despite the recent downturn, investor sentiment remains buoyed by Tesla's strong third-quarter performance and the potential regulatory benefits from CEO Elon Musk's advisory role in the new U.S. administration. However, challenges persist, including a 40.9% decline in Tesla's European sales in November and a recall of nearly 700,000 vehicles in the U.S. due to a tire pressure monitoring system issue.