Wall Street was still asleep, but $TSLA on Binance had already finished rallying on the “flying sports car”—and once the U.S. stock market opened, it gave it all back overnight.
Here’s the timeline (Beijing time, 10/16):
· At 8:54 a.m., Tesla’s official account posted the new Roadster—with cold-gas thrusters and active aerodynamics. In the demo, it could drive backward and flip in midair. The reported target for mass production is 2028.
· Binance spot TSLAB (bStocks) started climbing from around 362.6 before the announcement. Trading volume hit $3.64 million in the 10 a.m. hour. At 4 p.m., Binance’s official account posted, “so we got a flying car before Halloween.” A little after 5 p.m., the price peaked at 382.69, about 5.5% above its pre-announcement level. The U.S. stock market was still more than four hours away from officially opening.
· When U.S. markets opened at 9:30 p.m., buyers didn’t follow through. The price slid all the way to a low of 349.90 at 3 a.m., down about 8.6% from the peak and below its pre-announcement level. It’s now around 352.
TSLAB traded about $22.1 million that day, compared with around $2 million a day in the days before—roughly ten times as much. The top trending token on Binance Web3 was also a meme coin called “Tesla Can Fly,” up 92% in a day.
This move put Binance’s “the bell is optional now” line on full display: when news breaks, 24/7 capital doesn’t have to wait for the opening bell to trade. But being able to trade first doesn’t mean getting the price right. “Flying” is still a 2028 story, and once regular-stock-market money came in at the open, it wiped out that premium.
I’m leaning bearish on TSLA in the short term. The price is below the pre-announcement level of 362, suggesting the entire boost from the announcement has been given back. Mass production is still years away, and there’s nothing new on the horizon next week to bring that premium back. This time, crypto traded first—but pricing power still belongs to the regular stock market.
#bStocks #特斯拉 $TSLA
Here’s the timeline (Beijing time, 10/16):
· At 8:54 a.m., Tesla’s official account posted the new Roadster—with cold-gas thrusters and active aerodynamics. In the demo, it could drive backward and flip in midair. The reported target for mass production is 2028.
· Binance spot TSLAB (bStocks) started climbing from around 362.6 before the announcement. Trading volume hit $3.64 million in the 10 a.m. hour. At 4 p.m., Binance’s official account posted, “so we got a flying car before Halloween.” A little after 5 p.m., the price peaked at 382.69, about 5.5% above its pre-announcement level. The U.S. stock market was still more than four hours away from officially opening.
· When U.S. markets opened at 9:30 p.m., buyers didn’t follow through. The price slid all the way to a low of 349.90 at 3 a.m., down about 8.6% from the peak and below its pre-announcement level. It’s now around 352.
TSLAB traded about $22.1 million that day, compared with around $2 million a day in the days before—roughly ten times as much. The top trending token on Binance Web3 was also a meme coin called “Tesla Can Fly,” up 92% in a day.
This move put Binance’s “the bell is optional now” line on full display: when news breaks, 24/7 capital doesn’t have to wait for the opening bell to trade. But being able to trade first doesn’t mean getting the price right. “Flying” is still a 2028 story, and once regular-stock-market money came in at the open, it wiped out that premium.
I’m leaning bearish on TSLA in the short term. The price is below the pre-announcement level of 362, suggesting the entire boost from the announcement has been given back. Mass production is still years away, and there’s nothing new on the horizon next week to bring that premium back. This time, crypto traded first—but pricing power still belongs to the regular stock market.
#bStocks #特斯拉 $TSLA