Direxion Daily TSLA Bull 2X Shares (TSLL) experienced a significant surge of 5.16% in pre-market trading on Tuesday, as investors eagerly await Tesla's first-quarter earnings report scheduled for release after the closing bell. This upward movement reflects the heightened anticipation and positive sentiment surrounding Tesla's upcoming financial results.
The rally in TSLL, which provides leveraged exposure to Tesla stock, comes despite Tesla's challenging year so far, with the stock down 44% year-to-date. Analysts expect Tesla to report adjusted earnings of 41 cents per share, a slight decrease from 45 cents a year earlier, on revenue of $21.34 billion. While these projections indicate potential headwinds, investors appear optimistic about Tesla's long-term prospects and its ability to navigate current market challenges.
Market observers, including Gene Munster of Deepwater Asset Management, suggest that Tesla's performance in 2025 may be less relevant to investors, as the company is setting the stage for a significant recovery in 2026 and beyond. Munster predicts a 35% growth in deliveries in 2026, supported by an improving EV outlook, a healing brand, and the launch of a new model. This forward-looking perspective may be contributing to the positive sentiment reflected in TSLL's pre-market rally.
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