- Tesla showcased its new Roadster in a demonstration using air thrusters developed with SpaceX engineers, including a ramp climb and a controlled flip.
- Hyperliquid's TSLA perpetual contract rose about 4.9% to roughly $378 after the demo, against a Tesla close of $362.44.
- Hourly volume on the contract rose about 1,580%, from $2.8 million to $47 million, which is already its second-busiest day since listing.
- The contract tracks Tesla's stock price rather than a tokenized share, trades around the clock, and allows up to 20x leverage.
- Binance remained the largest venue with $279 million in 24-hour volume versus Hyperliquid's $159 million, though Hyperliquid held the most open interest at $99 million.
- Tesla is due to report Q3 earnings on Oct. 21.
Quotes
“Tesla showcased its new Roadster sports car in a demonstration where it drove up a ramp”
“trading on Hyperliquid jumping while U.S. stock markets were closed”