The Direxion Daily TSLA Bull 2X Shares (TSLL), a leveraged exchange-traded fund that aims to provide 2x the daily returns of Tesla Inc. (TSLA), surged over 5% in pre-market trading on Monday as investor optimism around the electric vehicle giant continued to build.
The rally in TSLL reflects heightened expectations surrounding several upcoming events and developments related to Tesla. Firstly, the company is set to report its Q3 delivery numbers in the coming weeks, with analysts estimating deliveries of around 461,000 vehicles for the quarter. Strong delivery numbers could further bolster sentiment around Tesla's growth prospects.
Additionally, Tesla is gearing up for its highly anticipated "Robotaxi" event on October 10th, where the company is expected to showcase its latest advancements in autonomous driving technology and potentially unveil a prototype "cyber-cab." Investors are eagerly awaiting any moonshot revelations from CEO Elon Musk, such as potential concepts for electric planes or boats, further underscoring Tesla's ambitious vision in the transportation sector.
Beyond these near-term catalysts, investors are also optimistic about Tesla's long-term growth trajectory, particularly in the AI and robotics realms. The company's Dojo supercomputer and Optimus robot initiatives have fueled speculation about Tesla's potential to transform industries beyond just electric vehicles.
