Trading volume in Hyperliquid's Tesla contract jumped from $2.8 million to $47 million within one hour after Elon Musk demonstrated a flying Roadster prototype using SpaceX thruster technology, while U.S. stock markets were closed. The perpetual TSLA contract rose about 4.9% to roughly $378, marking its second-busiest day since listing a year ago. Binance still led in 24-hour volume with $279 million versus Hyperliquid's $159 million, though Hyperliquid held the most open interest at $99 million. The contract tracks Tesla's stock price rather than a tokenized share, trades around the clock and allows up to 20x leverage, ahead of Tesla's third-quarter earnings report on Oct. 21.
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/15/2026 | 362.44 |
| Change that session | -1.29% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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