TSLAX is a tokenized stock product and is part of the xStock series. Its essence is to map the stock price of Tesla Inc. to a traceable certificate that can circulate on-chain through blockchain technology. The token is issued using the Solana SPL and ERC-20 standards, supporting on-chain trading 24/7, with USDT as the settlement currency.
Figure:https://www.gate.com/trade/TSLAX_USDT
In July 2025, Gate announced that TSLAX will officially launch in the xStock section to support perpetual contract trading, joining popular tokens like GOOGLX, AMZNX, and MSTRX. Users can choose 1 to 10 times leverage to go long or short, and settlements will be made in USDT.
This move greatly enriches the trading methods of Tesla stocks, allowing for the first time a true on-chain real-time trading experience for the fluctuations in Tesla’s stock price, which originally required a securities account to participate.
As Tesla releases its next-generation autonomous driving chip and advances the mass production of electric trucks globally in 2025, the market remains optimistic about Tesla’s prospects. Despite being affected by Federal Reserve policies and the pullback of tech stocks in the short term, TSLAX’s performance in the first week of its listing on Gate was still strong, with a noticeable increase in trading activity for both bulls and bears.
Combining the user traffic and activity support of the Gate platform (such as trading competitions, deposit cashback, etc.), the trading volume of TSLAX is expected to continue to rise. For short-term speculators and medium to long-term investors who are optimistic about Tesla, TSLAX is undoubtedly a highly flexible option.
TSLAX tokenizes the stock price of Tesla, bringing the highly centralized stock investment scenario into the decentralized finance ecosystem. Through the trading platform provided by Gate, new users can quickly get started without the need for a securities account, allowing them to grasp the potential benefits brought by Tesla’s growth.
Whether you are optimistic about Tesla’s long-term performance or want to utilize volatility for strategic trading in the short term, TSLAX offers a solution that combines compliance, flexibility, and cutting-edge technology.