# Tesla, Inc. (Backpack) (TSLA.US)

## Instrument: [Tesla, Inc. (Backpack) (TSLA.US)](/stocks/instruments/tesla-backpack-tsla-us)

Provider: [Backpack](https://backpack.exchange/tokenized-stocks/assets) (ID: backpack).[^3]

- **Token price: 400.43 USD**. Source: [CoinGecko](https://www.coingecko.com/en/coins/tesla-backpack-securities); asOf: 2026-11-01T11:41:55.000Z; observedAt: 2026-11-01T11:42:25.738Z. CoinGecko aggregate USD price per provider coin unit; equivalence to raw deployment units or underlying shares is not established. Provider update time, not necessarily last trade; independent secondary trading is not established.

- **Token market cap: 710771 USD**. Source: [CoinGecko](https://www.coingecko.com/en/coins/tesla-backpack-securities); asOf: 2026-11-01T11:41:55.000Z; observedAt: 2026-11-01T11:42:25.738Z. CoinGecko-reported circulating market cap for this coin, not FDV or a sum of deployments; circulation is not independently audited. As-of is provider row update time, not necessarily last trade.

ID: tesla-backpack-tsla-us. Asset ID: tesla. Aliases: none.

- **Legal issuer: Trek Nexus Markets Ltd**. Issuer Terms name a BVI business company or issuing affiliate; not Trek Labs exchange operator, Trek Forge beneficiary, or underlying company. No independently verified affiliate-per-series allocation.[^5]

- **Structure: Digital receipts evidencing potential pro-rata entitlement under separate bare trusts**. Issuer Terms p1 and clauses 1.7,1.18: trust created solely by June 6 Instrument; Trek Forge/nominee is sole recognized beneficiary while exchange supports tokens unless a Direct Redemption Contingency occurs and register is updated. Token withdrawal alone does not confer beneficiary/redemption rights. Marketing real ownership refers also to a different traditional UCC Article 8 account model.[^5][^4][^6]

- **Dividend treatment: Reinvested**. Issuer Terms 3.7 requires allocation of received distributions into additional underlying approved assets, net of fees/withholdings unless otherwise agreed; token overview says token dividends reinvested and corporate actions via proportional/rebasing balance adjustment. Not a claim that every stock pays dividends, that every holder is a direct beneficiary, or that traditional cash USD payouts apply to tokens.[^5][^4]

- **Shareholder rights: Not a direct shareholder**. Ordinary wallet token holding is not direct underlying shareholder ownership. Issuer Terms 1.18 restrict beneficiary recognition to Trek Forge until contingency/register update, with KYC/KYT/evidentiary requirements. Clause 3.9 allows recognized Tokenholder voting instructions subject to limits, so do NOT simplify to no voting under every circumstance. Brokerage securities rights are separate.[^5][^4][^6]

### Solana deployment (solana:5eykt4UsFv8P8NJdTREpY1vzqKqZKvdp)

ID: tesla-backpack-tsla-us-solana. Instrument ID: tesla-backpack-tsla-us.

- **Address: TSLAqBbv4CNCnzWFeB7LmydAyEiNMJtve7DYKLpdK4S**. Issuer-published base token address; no onchain execution or runtime verification.[^3][^7]

[View address](https://solscan.io/token/TSLAqBbv4CNCnzWFeB7LmydAyEiNMJtve7DYKLpdK4S)

- **Decimals: 6**. Issuer registry explicitly publishes decimals for this exact deployment; not an RPC observation.[^7]

- **Balance accounting: Unknown**. Token overview describes proportional/rebasing balance adjustments, but no issuer source consulted specifies SPL raw-unit vs scaled-UI accounting for each mint. Do not infer scaled-ui-amount from Solana or decimals=6.[^4][^5]

- **Lifecycle: Unknown**. Published address does not establish operational lifecycle, current minting, eligibility or trading availability.[^3][^7]

## Underlying: [Tesla (TSLA)](/stocks/tesla)

ID: tesla. Aliases: Tesla, Tesla stock, Tesla, Inc. Common Stock.

- **Stock price: 399.81 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/TSLA/); asOf: 2026-10-30T20:00:00.000Z; observedAt: 2026-11-01T11:42:18.752Z. Regular-market price in USD per underlying listed share; not after-hours or token price.

- **Stock market cap: 1580341002240 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/TSLA/); asOf: unknown; observedAt: 2026-11-01T11:42:18.752Z. Yahoo-reported equity market cap; effective date unknown (not exposed). Share-class methodology is not independently confirmed; not an independent audit.

- **Identity: Tesla, Inc. Common Stock / TSLA**. Underlying stock name and ticker published on the issuer product page.[^1]

- **Underlying ISIN: US88160R1014**. Underlying security ISIN reported by the issuer API, distinct from the xStock instrument ISIN (CH1436219252).[^2]

- **Exchange: Nasdaq Stock Market (XNAS)**. Underlying listing exchange reported by the issuer API, not the venue where the token trades.[^2]

## Evidence sources

[^1]: [TSLAon: Tesla (Ondo Tokenized) Tokenized Stock Price & Chart | Ondo](https://app.ondo.finance/assets/tslaon) — checkedAt: 2026-10-31T13:03:59.705968Z; scope: instrument.

[^2]: [Tesla xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/TSLAx) — checkedAt: 2026-10-31T13:20:53.081684+00:00; scope: instrument.

[^3]: [Backpack-issued tokenized securities asset universe](https://backpack.exchange/tokenized-stocks/assets) — checkedAt: 2026-10-31T19:13:08.165945Z; scope: issuer-family.

[^4]: [Backpack tokenized securities ownership-model overview](https://support.backpack.exchange/backpack-securities/tokenized-securities) — checkedAt: 2026-10-31T19:13:08.586071Z; scope: issuer-family.

[^5]: [Backpack Securities Issuer Terms and Conditions, effective 10 June 2026](https://drive.google.com/uc?export=download&id=1stJoNwPAOaHDbFmL72OGSkAxyCf-_RCo) — checkedAt: 2026-10-31T19:15:31.329368Z; scope: issuer-family.

[^6]: [Backpack real ownership and legal framework](https://support.backpack.exchange/backpack-securities/real-ownership-and-legal-framework) — checkedAt: 2026-10-31T19:14:07.370650Z; scope: issuer-family.

[^7]: [Backpack public asset metadata registry](https://api.backpack.exchange/api/v1/assets) — checkedAt: 2026-10-31T19:19:58.937896Z; scope: issuer-family.

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