• Like
  • Comment
  • Favorite

Stock Track | Direxion Daily TSLA Bull 2X Shares Soar 6.89% on Tesla Rally Driven by Rising Confidence in EV Demand

Stock Track11-18 09:02

The Direxion Daily TSLA Bull 2X Shares (TSLL) surged 6.89% in the night session on Sunday, following a remarkable rally in Tesla Inc. (TSLA) shares. The leveraged ETF, which aims to deliver twice the daily returns of Tesla stock, benefited from the electric vehicle (EV) maker's recent gains.

Tesla's stock has been on an upward trajectory, driven by growing investor confidence in the company's prospects and the overall EV market. Several factors contributed to this optimism, including:

1. Strong demand for Tesla's vehicles, with the company reporting impressive delivery numbers in the third quarter and expecting vehicle growth between 20% and 30% next year.

2. Positive outlook for the company's autonomous driving and robotaxi ambitions, with plans to launch driverless ride-hailing services in 2024 and aim for volume production of the Cybercab vehicle in 2026.

3. Tailwinds from the newly elected president's policies, which are expected to turbocharge the American economy and potentially benefit companies like Tesla.

Investors are also optimistic about Tesla's diversification into other areas, such as energy storage and robotics, which could drive further growth and innovation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial