The YouTuber highlights that TSLY, like other leveraged ETFs, is not suitable for long-term buy-and-hold investors due to significant tracking error and volatility decay over time. While it aims for income, its leveraged nature makes it risky for extended periods.
“The Tesla yield boost is different from the other leveraged ETFs will cover in that its primary objective is income rather than return it's using swaps to get that two X return on shares of Tesla just as with these other ETFs but here it's doing so to fund that monthly dividend”