Direxion Daily TSLA Bull 2X Shares (TSLL) soared 5.05% in Tuesday's trading session, reflecting growing optimism surrounding Tesla's (TSLA) upcoming robotaxi service launch. As a leveraged ETF designed to deliver twice the daily performance of Tesla stock, TSLL's significant move highlights the market's positive reaction to Tesla's latest developments.

The surge in TSLL comes as Tesla gears up for what could be a transformative moment for the company. According to recent reports, Tesla is set to debut its artificial-intelligence-trained driverless taxi service in Austin, Texas, on June 12. This launch is being compared to pivotal moments in Tesla's history, such as the introductions of the Model 3 and Model Y, which propelled the company's sales and earnings to new heights.

Investors are closely watching this event, as the successful implementation of a robotaxi service could open up a massive new revenue stream for Tesla. Elon Musk, Tesla's CEO, has suggested that the company's robotaxi fleet could eventually include millions of vehicles, potentially revolutionizing the transportation industry. The anticipation of this launch appears to be driving renewed interest in Tesla stock, which is amplified in the performance of TSLL.

While the robotaxi launch is generating excitement, it's worth noting that Tesla faces challenges in other areas. Recent data indicates declining sales in several European markets, despite the availability of the new Model Y and record discounts. However, the market seems to be focusing on the long-term potential of Tesla's autonomous driving technology, as reflected in TSLL's strong performance on Tuesday.