Question 1

What is TSLAX?

Accepted Answer

TSLAX is a blockchain-based representation of Tesla Inc. (TSLA) stock that allows you to invest in Tesla shares through the crypto ecosystem. Each TSLAX token is backed one-for-one by physical Tesla shares held by a Swiss-regulated custodian, Backed Finance.

Question 2

What is the difference between TSLAX and traditional TSLA stock?

Accepted Answer

The primary difference lies in their format and trading mechanism. TSLAX is a crypto token that can be traded 24 hours a day, 7 days a week. In contrast, traditional TSLA stock is traded on stock markets during specific market operating hours. It's important to note that holding TSLAX does not grant shareholder rights such as voting rights or dividends, unlike holding original TSLA stock.

Question 3

How does TSLAX reflect the TSLA stock price?

Accepted Answer

The price of TSLAX is designed to track the price of TSLA stock. This is because each TSLAX token is fully collateralized by one TSLA share, held as underlying security. This mechanism ensures that the value of TSLAX tokens will always be closely linked to the performance of Tesla's stock in the traditional stock market.

Question 4

Where can I buy TSLAX?

Accepted Answer

You can easily purchase TSLAX on the Mobee app. Mobee is an Indonesian digital asset exchange that provides features for investing in tokenized US stocks, including TSLAX. Through Mobee, you can start investing in Tesla stock with a small capital, at any time, and with flexible payment options.

Question 5

Is investing in TSLAX the same as investing in Tesla stock?

Accepted Answer

Not entirely. Investing in TSLAX provides you with exposure to the price movements of Tesla stock, but you do not hold direct ownership of the Tesla shares themselves. You are investing in a token that represents the value of the stock, not the physical Tesla shares.

Question 6

Is TSLAX available to everyone?

Accepted Answer

TSLAX has geographical availability restrictions. This token is specifically designed for users outside the United States, including Indonesia. Its purpose is to overcome the geographical barriers and trading hour limitations present in traditional stock markets.

Question 7

What are the risks of investing in TSLAX?

Accepted Answer

Although backed by real stock, TSLAX remains a crypto asset and, like other crypto assets, carries the potential for high price volatility. Other risks to consider include regulatory risks, market risks, and reliance on the custodian holding the physical shares. Additionally, since TSLAX does not grant shareholder rights, investors will not receive dividends or voting rights.