Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 8.01% as Tesla Hits New Highs on AI and Autonomous Driving Optimism

Stock Track12-17

Tesla Inc (TSLA) shares surged to new all-time highs on Tuesday, fueling a 8.01% gain in the Direxion Daily TSLA Bull 2X Shares (TSLL) leveraged ETF. The electric carmaker's rally was driven by growing investor optimism over its prospects in artificial intelligence (AI) and autonomous driving initiatives under the incoming Trump administration.

Wall Street analysts turned increasingly bullish on Tesla, citing potential regulatory tailwinds and closer ties between CEO Elon Musk and President-elect Donald Trump. Wedbush raised its price target to $515, stating that a Trump White House could fast-track Tesla's full self-driving software and robotaxi plans, providing a "total game changer" for the company's AI and autonomous driving story.

Mizuho Securities also upgraded Tesla to "Outperform" with a $515 price target, highlighting that a loosening regulatory framework under Trump could position the automaker's autonomous segments for significant upside. Analysts expect Tesla's AI initiatives, including humanoid robots and self-driving software, to unlock massive growth opportunities in the coming years.

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