On August 7, Direxion Daily TSLA Bull 2X Shares rose 8.14% in regular trading, trading at $8.3114/share, with turnover of $332 million.
On the news front, Tesla and SpaceX formally announced the launch of the Terafab AI chip superfactory project. The facility will be located in Grimes County, Texas, with first-phase capital investment of $16.8 billion and manufacturing area exceeding 100 million square feet. The factory targets annual production of over 1 terawatt of computing power. Musk estimated that approximately 25% of Terafab output will serve Tesla Optimus robots, while roughly 75% will power AI spacecraft. Intel confirmed participation in the project but did not disclose specific investment details. The multi-phase buildout could ultimately require up to $119 billion in total investment. Tesla rose over 3% intraday on the announcement, and as a 2x leveraged ETF tracking Tesla, TSLL amplified the underlying gain accordingly.
The fund, under normal circumstances, invests at least 80% of its net assets in the securities of TSLA and financial instruments that provide leveraged exposure to TSLA. The fund is non-diversified.
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