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Stock Track | Direxion Daily TSLA Bull 2X Shares (TSLL) Plummets 7.28% Intraday as Musk's Ambitious AI Chip Plans Spark Investor Concerns

Stock Track03:34

Direxion Daily TSLA Bull 2X Shares (TSLL), a leveraged ETF tied to Tesla's stock performance, plummeted 7.28% during intraday trading. The sharp decline reflects heightened volatility in Tesla's shares, driven by investor reactions to Elon Musk's latest announcements.

The drop follows Musk's unveiling of aggressive plans to accelerate Tesla's AI chip development, including a nine-month iteration cycle and the construction of a proprietary wafer fab. While these initiatives aim to secure Tesla's computing power independence, investors view them as financially risky or overly ambitious, leading to a sell-off in Tesla and its leveraged derivatives like TSLL.

Musk's comprehensive computing power strategy, which includes rapid chip iterations and plans for a self-built wafer fabrication plant, has raised concerns about the financial and operational risks involved. The market's reaction underscores the skepticism surrounding Tesla's ability to execute such ambitious technological and manufacturing goals.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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