Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 6.60% Intraday on Tesla-SpaceX Merger Speculation and AI Investment Plans-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Direxion Daily TSLA Bull 2X Shares Soars 6.60% Intraday on Tesla-SpaceX Merger Speculation and AI Investment Plans

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Direxion Daily TSLA Bull 2X Shares (TSLL) surged 6.60% during intraday trading on Friday, reflecting heightened investor optimism around Tesla's growth prospects.

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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