$TSLA What are Tesla's futures contracts on Binance?

On Binance, Tesla is traded as a perpetual USDT-M contract. This means that while the price tracks the actual value of Tesla Inc. (TSLA) shares listed on the NASDAQ, settlement is done using the stablecoin USDT.

The trading symbol for Tesla's futures contracts on the Binance futures platform is TSLAUSDT. Unlike buying a share through a traditional brokerage, these contracts are cash-settled derivatives. This means you do not get voting rights or dividends, but you can still try to profit from price movements up and down.

The concept is simple: if you believe the price of Tesla will rise, you can buy, and if you think the price will fall, you can sell. All profits and losses are calculated in USDT.#TSLAONBINANCE