{
    "type": "ETP",
    "ucits": false,
    "leverage": true,
    "derivatives": false,
    "swaps": false,
    "inverse": true,
    "replication_method": "physical",
    "complex_factors": [
        "Leverage",
        "Inverse Exposure",
        "Compounding Effect",
        "Short Selling"
    ],
    "classification": "complex",
    "supporting_data": "The Leverage Shares -2x Short Tesla ETP is classified as complex due to several key factors. Firstly, it employs a -2x inverse leverage on Tesla Inc. stock, which introduces significant complexity through daily rebalancing and the compounding effect. The product is designed to provide -2 times the daily performance of Tesla, which can lead to returns that deviate significantly from the underlying asset over longer holding periods. Additionally, the ETP involves short selling and the inherent risks associated with leveraged and inverse products, which require sophisticated understanding. The high-risk indicator of 7 out of 7 further supports the complexity classification. While the replication method is physical, the leveraged and inverse nature of the product, combined with the risks of compounding and short selling, make it unsuitable for retail investors without specialized knowledge.",
    "confidence": 95
}