Underlying Index Performance: TSLQ is designed to inversely track the daily performance of the Nasdaq-100 Index. When the Nasdaq-100 falls, TSLQ typically rises, and vice versa.

Tesla Stock Volatility: TSLQ's price is affected by how volatile Tesla shares are. Higher volatility in Tesla can translate into bigger price swings in TSLQ.

Leverage Factor: TSLQ is a leveraged ETF. Its price fluctuations are amplified compared to a non-leveraged fund tracking the same index.

Market Sentiment: Overall investor sentiment towards technology stocks and the broader market can influence the demand, and thus the price, of TSLQ.

Interest Rates: Interest rate changes can impact the cost of borrowing for leveraged ETFs, affecting TSLQ's expense ratio and potentially its price.

Supply and Demand: Like any ETF, TSLQ's price is subject to basic supply and demand dynamics in the market.

Management Fees: The fees charged by the ETF's management company reduce its return, affecting its price over time.

Tracking Error: How well TSLQ tracks its target index impacts its price. Greater tracking error can result in deviations from the expected inverse relationship.