On September 8, Direxion Daily TSLA Bull 2X Shares rose 8.26% in regular trading, trading at $9.87/share, with turnover of $528 million. The leveraged ETF amplified a sharp rebound in Tesla shares as market sentiment recovered from a prior selloff triggered by regulatory concerns.

On the news front, Tesla officially launched its Cybercab robotaxi service in a limited zone in Austin, Texas, marking a milestone for its autonomous driving ambitions. The steering-wheel-free, pedal-free two-seater began accepting paid rides, with executives unveiling pricing plans. Goldman Sachs issued a report maintaining a Neutral rating with a $360 price target, noting Cybercab holds significant cost advantages in the robotaxi market, though software scalability remains the key valuation driver. The rebound followed a nearly 6% single-day drop in Tesla after NHTSA announced an investigation into Cybercab's federal safety certification process, reviewing whether Tesla's procedures and technical data were compliant.

The fund normally 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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