Tesla's tokenized stock is a digital asset that represents ownership in Tesla and is traded on cryptocurrency exchanges that offer tokenized stocks. These tokens are created by taking actual shares of Tesla and putting them into a trust, which then issues tokens that represent a certain fraction of a share. These tokens allow traders to buy and sell fractional shares of Tesla without needing to go through traditional brokerage firms or stock exchanges. While it is possible to trade these tokens, it is important to note that they are not the same as owning actual shares of Tesla and may carry different risks and benefits. However, the availability of tokenized Tesla stock has made it easier for a wider range of investors to gain exposure to the company's shares.