Direxion Daily TSLA Bull 2X Shares (TSLL), a leveraged ETF tracking Tesla's stock performance, soared 6.31% in pre-market trading on Monday. This significant jump follows a 5.09% increase on Sunday, indicating growing investor confidence in Tesla's technology and market position.

The surge in TSLL appears to be driven by several factors. Firstly, renewed attention to Tesla's vision-only approach to autonomous driving has sparked discussions in the industry. A recent video comparison between Tesla's camera-based system and LiDAR technology has highlighted the potential of Tesla's innovative approach, championed by CEO Elon Musk. This debate over autonomous driving technology continues to influence investor sentiment in the electric vehicle sector.

Additionally, ARK Invest, led by prominent investor Cathie Wood, has recently made a contrarian bet on cryptocurrency-linked assets, including Tesla. Wood's bullish stance on technological disruption and her view that it will bring about "benign deflation" may be contributing to the positive sentiment surrounding Tesla and its related ETFs. Despite recent market volatility and Tesla's 38% year-to-date decline, some investors seem to be viewing the current price levels as an attractive entry point.

However, it's important to note that Tesla remains a battleground stock among analysts. While some see potential in the company's robotaxi and robot initiatives, others express concerns about its valuation and recent delivery figures. As TSLL is a leveraged ETF, it amplifies both the gains and losses of Tesla's stock, making it a high-risk, high-reward investment option for those bullish on Tesla's future prospects.