How to Trade Tesla Single Stock Futures (STSLA & XTSLA)

Q: How many Tesla shares does XTSLA represent?

Micro Tesla Futures (XTSLA) represent 10 Tesla shares, or one-tenth the size of STSLA.

Q: How much is a $1 move in Tesla futures worth?

A $1 move represents approximately $100 per STSLA contract or $10 per XTSLA contract, before commissions and fees. This follows from CME's 100 share and 10 share contract multipliers.

Q: Can I short Tesla with futures?

Yes. A trader can sell Tesla futures to establish bearish exposure without the stock-borrowing process associated with short selling shares. Futures remain leveraged products and can result in substantial losses.

Q: Can I trade Tesla futures overnight?

CME Group Single Stock Futures trade from 5:00 p.m. CT to 4:00 p.m. CT Sunday through Friday, with a daily maintenance window from 4:00 p.m. to 5:00 p.m. CT.

Q: Are Tesla futures physically settled?

No. CME Group Tesla Single Stock Futures are financially settled in U.S. dollars .

Trading Information

August 11, 2026

Want to trade Tesla without buying or shorting TSLA shares directly?

CME Group offers Tesla Futures (STSLA) and Micro Tesla Futures (XTSLA), giving futures traders two contract sizes for taking a long or short view on Tesla’s stock price. The standard contract represents 100 shares, while the Micro represents 10 shares.

Through Lincoln Park Financial, eligible traders can get set up to access CME Single Stock Futures through supported clearing and trading-platform arrangements.

Lincoln Park Financial is listed on CME Group’s “Where to Trade Single Stock Futures” broker directory.

Tesla Futures Contract Sizes

	STSLA	XTSLA
Contract	Tesla Futures	Micro Tesla Futures
Contract Size	100 shares	10 shares
$1 Tesla Move	$100	$10
Minimum Price Move	$0.01	$0.01
Tick Value	$1.00	$0.10
Settlement	Financial	Financial

What Are Tesla Single Stock Futures?

The easiest way to think about them is:

You’re trading Tesla’s price movement through a futures contract instead of owning Tesla shares.

Think Tesla is going higher? You can go long.

Think Tesla is going lower? You can go short.

The contracts are financially settled, so you don’t receive or deliver Tesla shares at expiration.

Learn more about CME Single Stock Futures →

How Much Does a Move in Tesla Futures mean?

Suppose Tesla futures move from $350 to $355, a $5 move.

Contract	Contract Size	Price Move	Calculation	Approx. P/L per Contract*
STSLA	100 shares	$5	$5 × 100	$500
XTSLA	10 shares	$5	$5 × 10	$50

So with the Micro contract, every $1 move represents approximately $10 per contract. With the standard contract, every $1 move represents approximately $100.

*Profit or loss depends on trade direction and entry/exit prices. Examples exclude commissions, exchange fees and other applicable trading costs.

Why Trade Tesla Futures?

Trade Tesla Directly

If your market view is specifically about Tesla, Single Stock Futures let you isolate that exposure instead of trading an entire equity index.

Go Long or Short

You can buy Tesla futures when you’re bullish or sell them when you’re bearish.

Extended Trading Hours

Tesla and Micro Tesla futures trade nearly 24 hours a day, giving traders additional time to respond to market-moving developments outside regular U.S. stock-market hours

Choose Your Position Size

Use STSLA for 100-share exposure or XTSLA for smaller 10-share exposure.

Trading Tesla Around Earnings and News

Tesla can move quickly around earnings, vehicle-delivery numbers, pricing changes, product announcements, regulatory developments and other company-specific news.

That’s one place where the extended futures session becomes interesting.

Instead of limiting your ability to trade Tesla exposure to the regular U.S. equity session, CME Single Stock Futures trade from 5:00 p.m. CT to 4:00 p.m. CT Sunday through Friday, with a daily one-hour maintenance window.