Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 5.49% as Tesla Rides High on FSD Progress and Policy Optimism

Stock Track12-07

The Direxion Daily TSLA Bull 2X Shares (TSLL) surged 5.49% in intraday trading on Friday, reflecting investors' growing optimism about Tesla's prospects under the newly elected Trump administration and the company's technological advancements in autonomous driving and artificial intelligence.

Tesla's stock has been on a tear in recent weeks, with its market capitalization recently surpassing the $1 trillion mark. This surge has been driven by several factors, including expectations of a more business-friendly regulatory environment under the Trump administration, which is seen as favorable for Tesla's ambitious projects such as the development of autonomous driving technologies and the planned launch of its robotaxi service.

Additionally, Tesla's recent release of its Full Self-Driving (FSD) version 13 to selected customers and staff members has showcased notable improvements in driver intervention measures, solidifying the company's leadership position in the field of autonomous technologies. Analysts at firms like Stifel have raised their price targets for Tesla, citing the company's potential in AI and self-driving capabilities as key growth drivers.

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