Direxion Daily TSLA Bull 2X Shares (TSLL) surged 5.06% in Friday's trading session, reflecting heightened investor interest in Tesla ahead of its upcoming third-quarter earnings report. The leveraged ETF's performance comes amidst a flurry of analyst activity and growing anticipation surrounding Tesla's future projects.

Barclays recently adjusted its price target on Tesla to $350 from $275, while maintaining an Equalweight rating. This adjustment may have contributed to the positive sentiment. However, the outlook remains mixed, as BNP Paribas Exane initiated coverage with a Sell rating and a $307 price target, citing concerns about the valuation of Tesla's AI-driven businesses.

Investors are eagerly awaiting Tesla's Q3 earnings report, hoping for clarity on several key areas. Major questions revolve around the progress of Tesla's Optimus humanoid robots, the expansion of its robotaxi service, and potential new electric vehicle models. The company's ability to scale these ambitious projects and navigate regulatory challenges will be crucial for its future growth and market valuation.