This is not a real Tesla token and does not have any direct relation to the company Tesla (Elon Musk and Co. do not issue any crypto tokens under TSLA). This is TSLAUSDT Perpetual Futures (a perpetual futures contract) recently launched by Binance. It is a synthetic derivative that tracks the price of Tesla shares (TSLA on NASDAQ), but is traded in the crypto ecosystem: Margin and settlements in USDT

24/7 trading (unlike regular stocks, which are only traded during NASDAQ hours)

Leverage (usually up to 5x on Binance, higher on some platforms)

No ownership of real shares — just a bet on the rise/fall of the TSLA price.