#TSLALinkedPerpsOnBinance Tesla-linked perpetual futures contracts that are available on Binance.
These are special futures products whose price is linked to the performance of Tesla (TSLA) stock, but they are traded in crypto style like normal perpetual contracts.
Key points:
They follow the price movement of Tesla shares, not a cryptocurrency.
You can trade them 24/7 like crypto futures.
They are usually settled in USDT.
You can go Long if you think Tesla price will go up.
You can go Short if you think Tesla price will go down.
Leverage is available (but risky).
No expiry date (because they are perpetual contracts).
Example: If Tesla stock goes up 3%, the TSLA-linked perpetual contract price will also rise around the same percentage.
If Tesla stock drops, the contract price will drop too.
Why people trade it:
To trade Tesla price without using the stock market
To hedge stock positions
To speculate using leverage
To trade outside normal US market hours
Risk:
High volatility
Leverage can cause fast liquidation
It is not real Tesla stock ownership, only price exposure
In simple words:
#TSLALinkedPerpsOnBinance = Trading Tesla’s price movement using Binance futures, just like crypto trading.