Recently, many have seen the trading pair TSLA / USDT on Binance and concluded that Tesla has its own cryptocurrency. This is not true — let's calmly and factually analyze the situation.
Tesla has not released an official cryptocurrency.
The company does not have its own token, blockchain, or digital coin. As of today, Tesla, Inc. has not announced the creation or listing of its cryptocurrency on any exchange.
What has appeared on Binance now is a perpetual futures contract tied to the price of Tesla shares. This is a trading tool that:
mirrors the price movement of Tesla shares
traded in pair with USDT
operates 24/7
designed for trading on growth or decline
This is not a Tesla stock and not a Tesla cryptocurrency.
This is a derivative — a financial instrument created by the exchange.
Simply put:
You do not buy Tesla,
you do not buy a Tesla token,
you trade the price of Tesla through a contract.
Tesla is indeed related to the crypto market — in the past, the company owned Bitcoin on its balance sheet, but this is an investment, not the issuance of its own cryptocurrency.
Result:
Tesla on Binance is a trading tool, not a new cryptocurrency.
There is currently no official Tesla cryptocurrency.
Be careful: loud names often mislead, but the essence is always more important than the headline.
