27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Tesla Inc (NASDAQ:TSLA) has shown massive growth, beating delivery records over multiple quarters. With a growing number of its electric vehicles on the road, Tesla will need the capacity to service its fleet as it ages.
A new report from Electrek said Tesla plans to open approximately 52 new service centers next year. The publication cited an unnamed person familiar with the matter.
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Tesla now has 466 service centers around the world, but with expected deliveries of 500,000 vehicles in 2020 alone, that may not be enough.
A 2018 tweet from CEO Elon Musk acknowledging Tesla's service availability issues:
Just reviewed Tesla’s service locations in North America & realized we have major gaps in geographic coverage! Sorry for this foolish oversight. Tesla will aim to cover all regions of NA (not just big cities) within 3 to 6 months.
— Elon Musk (@elonmusk) October 17, 2018
Benzinga's Take: This is great news as service is one of Tesla's biggest complaints.
Many owners have issues with their cars immediately upon pickup, requiring Tesla to either service the vehicles then and there, or have customers return later to fix issues. Tesla could really free up service time if it could improve quality control.
Photo courtesy of Tesla.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.