On August 21, Direxion Daily TSLA Bull 2X Shares rose 8.28% in regular trading, trading at $9.705/share, with turnover of $293 million. The leveraged ETF amplified Tesla's intraday gains driven by a major Cybercab catalyst.
On the news front, sources reported that Tesla plans to open public rides for its first steering-wheel-free, pedal-free autonomous taxi Cybercab by the end of August, officially integrating it into Austin, Texas's Robotaxi network. Tesla has completed public road testing and emergency responder training across Austin for incident handling. JPMorgan noted that Tesla is intentionally controlling Model Y deployment volumes to make room for Cybercab rollout, with FSD v15's launch within the year identified as the key trigger for fleet expansion. Infrastructure preparation is also underway with a Phase 2 plan covering 80 wireless chargers.
The fund, under normal circumstances, invests at least 80% of its net assets in TSLA securities and financial instruments such as swap agreements and options that provide 2x leveraged exposure to TSLA. The fund is non-diversified.
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