On July 31, Direxion Daily TSLA Bull 2X Shares rose 8.09% in regular trading, trading at $7.275/share, with turnover of $576 million. As a 2x leveraged ETF tracking Tesla, the fund amplified gains driven by dual catalysts from the underlying stock.
On the news front, Tesla officially announced that its 10 millionth electric vehicle rolled off the production line at its Fremont factory in the United States, making it the first pure EV manufacturer globally to achieve this milestone. Notably, the Shanghai Gigafactory contributed over 4.5 million units, accounting for more than 45% of total global production. Since delivering its first China-made Model 3 in December 2019, the Shanghai facility accomplished this feat in approximately six and a half years, serving as Tesla's largest global export hub.
Simultaneously, Tesla released its latest European FSD safety data. In highway scenarios, FSD (Supervised) accumulated 41.9 million kilometers without a major collision, achieving safety performance 5.2 times that of human driving with active safety features enabled. Data from the Dutch market showed an even higher figure of 8.5 times. Tesla is actively using public road testing to demonstrate FSD capabilities while pushing for unified EU-wide approval of the technology.
The fund invests at least 80% of its net assets in TSLA securities and financial instruments such as swap agreements and options that provide 2x leveraged exposure to TSLA. The fund is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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