Direxion Daily TSLA Bull 2X Shares (TSLL) surged 5.02% during the intraday session on Monday, mirroring the bullish sentiment around Tesla's stock (TSLA). As a leveraged ETF, TSLL aims to deliver twice the daily performance of Tesla, and its rise reflects growing investor optimism in Tesla's future prospects.
The rally follows a bullish report from Wedbush Securities, which predicts Tesla's market capitalization could exceed $2 trillion within a year, driven by its autonomous driving and Robotaxi initiatives. Wedbush analyst Dan Ives highlighted Tesla's accelerating Robotaxi rollout and its potential to dominate 70% of the global autonomous driving market, reinforcing the company's long-term growth trajectory.
At the time of writing, Tesla shares were up 1.1% in pre-market trading, further fueling the leveraged gains in TSLL. The report underscores Tesla's pivotal role in the AI and autonomous driving revolution, which continues to attract investor confidence.
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