Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 5.04% Pre-Market on Tesla-SpaceX Merger Speculation and AI Investment Plans-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 5.04% Pre-Market on Tesla-SpaceX Merger Speculation and AI Investment Plans

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The Direxion Daily TSLA Bull 2X Shares (TSLL) surged 5.04% in pre-market trading. The leveraged exchange-traded fund, which aims to deliver twice the daily performance of Tesla Inc., experienced significant buying interest ahead of the market open.

The sharp rise appears driven by reports that Tesla and SpaceX, both founded and led by Elon Musk, are actively contemplating a merger. This potential move is seen as a strategy to create a colossal technology empire, boosting valuations and synergies between electric vehicles, AI, robotics, and space exploration. Concurrently, news that Tesla plans to massively increase investments in artificial intelligence and autonomous driving this year has further fueled investor optimism.

Market sentiment was bolstered by the broader narrative of integrating Musk's portfolio companies, including discussions of a SpaceX merger with AI startup xAI. These developments have amplified positive sentiment around Tesla's long-term growth prospects in high-tech sectors, directly impacting the bullish leveraged ETF tracking its stock.

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