Direxion Daily TSLA Bull 2X Shares (TSLL) surged 6.41% in pre-market trading on Thursday, as investors reacted positively to a series of developments related to Tesla. The leveraged ETF, which aims to deliver twice the daily performance of Tesla's stock, benefited from increased optimism surrounding the electric vehicle giant's future prospects.

A key driver behind the surge was the news that Tesla is targeting June 12 for the launch of its robotaxi service in Austin, Texas. This previously unreported date, discussed internally at Tesla, signals a potential new revenue stream and represents a significant step forward in the company's autonomous driving ambitions. The robotaxi service could open up new market opportunities and boost Tesla's technological edge in the competitive electric vehicle market.

Adding to the positive sentiment, a group of Tesla investors has urged CEO Elon Musk to commit at least 40 hours per week to running the electric vehicle company. This push for increased focus from Musk comes amid concerns about Tesla's recent performance and stock price volatility. Investors argue that Musk's undivided attention is needed to address faltering sales and stabilize the company's stock price. Furthermore, Musk announced that his time as a Special Government Employee is coming to an end, potentially allowing him to dedicate more time to Tesla's operations. These developments have collectively contributed to renewed investor confidence in Tesla's future trajectory, driving up the price of the leveraged TSLL ETF.