TSLAUSDT is not a direct share or stock of Tesla Inc. It is primarily a crypto derivative product launched by Binance.
To make the concept easier to understand, here are the main points:
Is this Tesla stock? No, it is not a physical stock. When you buy it, you do not own any shares of Tesla Inc., do not receive any dividends, and do not have voting rights.
What is it actually? It is a "TradFi Perp" or equity perpetual contract. It tracks the price fluctuations of Tesla stock (Nasdaq: TSLA). You are simply betting on whether Tesla's price will go up or down and profits and losses will be calculated through USDT.
$TSLA #Binance #BinanceSquareFamily
