On September 3, Direxion Daily TSLA Bull 2X Shares rose 8.54% in regular trading, trading at approximately $10.31 per share, with turnover of $2.08 billion. As a 2x leveraged ETF tracking Tesla, the fund amplified gains driven by Tesla's Cybercab launch event.

Tesla held its highly anticipated Cybercab launch in Austin, Texas, officially unveiling its first vehicle designed exclusively for autonomous driving — a two-seat Robotaxi featuring butterfly doors with no steering wheel or pedals. The company has been producing Cybercabs since April and conducting public road tests, with 420 autonomous Tesla vehicles now registered in Texas.

Morgan Stanley highlighted the event as significantly more consequential than prior Tesla showcases, noting that the deployment of 25 to 50 Cybercabs for paid commercial operations in the coming days to weeks would serve as a meaningful positive catalyst for the stock. Tesla's underlying shares opened up over 2% and extended gains to more than 5% during the session, directly driving the leveraged ETF's amplified move.

The fund, under normal circumstances, invests at least 80% of its net assets in securities of TSLA and financial instruments that provide leveraged exposure to TSLA. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)