Stock Track | Direxion Daily TSLA Bull 2X Shares Plunges 5.03% Intraday on Analyst Skepticism Over Tesla's Chip Factory Ambitions
Stock Track03-23 14:44
The Direxion Daily TSLA Bull 2X Shares (TSLL) experienced a sharp intraday decline of 5.03%.
The movement appears linked to growing analyst concerns following Tesla's announcement of its ambitious "Terafab" chip factory project. Reports highlight significant skepticism regarding the project's staggering estimated capital expenditure of $20 to over $60 billion, Tesla's lack of large-scale semiconductor manufacturing experience, and a lengthy timeline with volume production not expected until 2029 at the earliest. Analysts caution that such a massive investment could strain Tesla's finances and may be economically challenging, with one major bank noting the project's potential wafer costs could remain higher than those of established foundries like TSMC.
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