TSLAX is a stock token representing the price performance of Tesla Inc. It is issued in Solana SPL and ERC-20 formats and can be traded freely on the chain. TSLAX does not represent traditional stock ownership but is a crypto asset generated based on a price tracking mechanism, suitable for crypto investors familiar with USDT settlement and contract trading.
Compared to traditional stocks, TSLAX can be traded freely in a 24/7 market, unaffected by the opening hours of the US stock market, and supports flexible leverage settings for long and short operations.
In 2025, Tesla’s multiple business lines continue to expand. From the iterative release of autonomous driving chips to the ramp-up of Cybertruck production, and the global deployment of solar energy storage systems, Tesla’s market attention continues to heat up. CEO Elon Musk has repeatedly emphasized in public that Tesla will continue to invest in AI and energy network layout, providing long-term support for the company’s valuation.
In addition, Tesla’s recently released financial report shows significant year-on-year revenue growth, which has strengthened its stock price and further boosted the active trading of on-chain TSLAX.
According to the latest data from the Gate platform, as of July 10, TSLAX is quoted at approximately 250.85 USDT, with a 24-hour high of 252.70 USDT and a low of 247.30 USDT. The total trading volume for the day is 39.6K, with a total transaction amount exceeding 9.9M USDT, indicating a high level of market recognition for this product.
Benefiting from the rise in Tesla’s main stock price and the recovery of risk appetite among cryptocurrency investors, the price of TSLAX has recently shown a volatile upward trend.
Currently, TSLAX supports USDT settlement transactions, allowing participation in the rise or fall of Tesla prices without the need to purchase actual stocks, experiencing an efficient on-chain trading model.
TSLAX represents the integration direction of technology stock value and blockchain trading methods. In the context of Tesla’s fundamentals continuously strengthening and the cryptocurrency market maturing, TSLAX offers investors a flexible and secure new option.
Whether you are a TSL fan or a crypto investor looking for ways to diversify on-chain assets, TSLAX is worth following and trying.