Because each TTSLA represents 1/100th of one share of TSLA stock. Right now, because of the presale, they are being sold for ~20% discount to the TSLA price. So, you need 100 TTSLA to equal 1 share of TSLA. But TTSLA pays a dividend as well, which can vary between a low of 3% and a high of 20%, depending on where TTSLA is trading in regards to the price of TSLA stock. If its at peg, the dividend will be 3%. If its below peg, the dividend will be higher to entice people to buy TTSLA and get it back to peg.
TSLA's hovering around $445 lately per Robinhood charts, but $TTSLA? If that's a tokenized or derivative version on web3, price gaps often come from low liquidity or platform fees—real stock's more stable with all the Musk pay drama heating up
https://inleo.io/threads/view/leostrategy/re-leothreads-2akikudbs?referral=leostrategy
Because each TTSLA represents 1/100th of one share of TSLA stock. Right now, because of the presale, they are being sold for ~20% discount to the TSLA price. So, you need 100 TTSLA to equal 1 share of TSLA. But TTSLA pays a dividend as well, which can vary between a low of 3% and a high of 20%, depending on where TTSLA is trading in regards to the price of TSLA stock. If its at peg, the dividend will be 3%. If its below peg, the dividend will be higher to entice people to buy TTSLA and get it back to peg.
Cool, thanks! I was just wondering, why isn't it tracking TSLA in 1:1 ratio?
Nevertheless, interesting to see if this model works. Will the APR be enticing enough for people to keep on on buying.
TSLA's hovering around $445 lately per Robinhood charts, but $TTSLA? If that's a tokenized or derivative version on web3, price gaps often come from low liquidity or platform fees—real stock's more stable with all the Musk pay drama heating up