20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Tesla Inc (NASDAQ:TSLA) began making deliveries of Model Y vehicles in China on Monday.
What Happened: The Elon Musk-led company posted photographs of customers taking deliveries of the mid-sized electric sports utility vehicle on its Twitter feed.
欢迎! Model Y deliveries in China have officially begun pic.twitter.com/fG5aax1k2b
— Tesla (@Tesla) January 18, 2021
The initial Shanghai deliveries will be followed by other cities, according to Tesla, reported Xinhua — a Chinese government news agency.
Why It Matters: The Model Y went on sale in China at the beginning of 2021 and garnered enough orders to exhaust supplies for the first three months of 2021, according to Electrek.
See Also: Mass Amount Of Tesla Model Y Vehicles Spotted At Gigafactory Shanghai, Appear Ready For Delivery
Priced at RMB 339,900 ($52,376) in China, analysts expect the SUV to boost Tesla’s Chinese sales and emerge as a disrupter in the East Asian country’s auto market this year.
The price of the vehicle is less than a tenth of similar gas-powered luxury cars made by the likes of Daimler AG (OTC:DDAIF), Bayerische Motoren Werke AG (OTC:BMWYY), and Volkswagen AG (OTC:VWAGY), as per Reuters.
The vehicle will also threaten the growing dominance of homespun EV companies such as Nio Inc (NYSE:NIO), Xpeng Inc (NYSE:XPEV), BYD Company Ltd (OTC:BYDDF), and Li Auto Inc (NASDAQ:LI).
Price Action: Tesla shares closed nearly 2.2% lower at $826.16 on Friday and fell almost 0.3% in the after-hours session.
Click here to check out Benzinga’s EV Hub for the latest electric vehicles news.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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