On August 31, Direxion Daily TSLA Bull 2X Shares rose 8.24% in regular trading, trading at $9.65/share, with turnover of $285 million. As a 2x leveraged ETF tracking Tesla, the fund amplified Tesla's approximately 3% intraday gain driven by multiple positive catalysts from the Musk ecosystem.

On the news front, Elon Musk confirmed on X that SpaceX is building a gas turbine blade and vane casting facility in Bastrop, Texas, aimed at bypassing the oligopolistic bottleneck in turbine component manufacturing to accelerate power supply for AI data centers. Musk stated that in-house casting could advance gas turbine deployment by up to 18 months, calling it a profound game changer. He also disclosed that SpaceX and Tesla are each building 100GW annual solar production capacity. The announcement pressured incumbent blade manufacturers, with Howmet Aerospace falling 4.7% pre-market.

Separately, Tesla launched a simplified, lower-priced Model 3 in Hong Kong and Macau, starting at HK$205,000 and MOP 252,000 respectively, expanding its price coverage in Asian markets through configuration reductions including ambient lighting and wheel downgrades.

The fund, under normal circumstances, invests at least 80% of its net assets in the securities of TSLA and financial instruments that provide leveraged exposure to TSLA. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)