27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Ark Investment Management, led by Cathie Wood, expressed skepticism on Tuesday regarding Toyota Motor Corp‘s (NYSE:TM) new electric vehicle strategy.
What Happened: In a newsletter, analyst Sam Korus stated that Toyota’s EV strategy does not appear poised for mass market success.
One key aspect of Toyota’s strategy is the use of solid-state batteries to power EVs, aiming for a range of about 620 miles by 2027. However, the analyst noted that Toyota had initially projected solid-state batteries in EVs by 2022, making this announcement a five-year delay from the original forecast.
See Also: Best Electric Vehicle Stocks
“What, we wonder, will be the cost of solid-state batteries compared to the low-cost battery chemistries to which the industry will have shifted in 2027?” the analyst wrote.
Additionally, the analyst pointed out that solid-state batteries, being more expensive in small-scale applications, may find better use in higher-cost components such as drones, aviation, and wearables like augmented reality headsets.
Why It Matters: Toyota last week said that it plans to introduce a complete lineup of next-generation battery electric vehicles in 2026. The company aims to produce 1.7 million units out of a total of 3.5 million by 2030 through its BEV Factory.
Furthermore, Toyota intends to revolutionize its production process by introducing a self-propelling assembly line, eliminating the traditional conveyor belt system.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read More: Software, Chips, Robots: Elon Musk Touts ‘Super Exciting Work Happening At Tesla’
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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