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.
Tesla, Inc. (NASDAQ:TSLA) is surging ahead in California, which is the biggest car market in the country.
What Happened: Tesla's new vehicle market share in California stood at 13.6% in the year-to-period, according to data released by the California New Car Dealers Association. This exceeded Toyota Motor Corp.'s (NYSE:TM) share of 12%.
Statistics for nationwide market share showed Ford Motor Co. (NYSE:F) snagging a 12.2% share compared to Toyota's 12% and General Motors Corp. (NYSE:GM)-owned Chevrolet brand's 11.1% share. Tesla's nationwide market share was way below: 4.3%.
In absolute numbers, registrations for Toyota brand vehicles were at 133,375 units compared to Tesla's 123,482 units. While Toyota’s market share fell 2.9 points, Tesla's rose by 2.5 points.
Tesla's Model Y is the best seller in California among all categories, with registrations of 74,765 units, followed by the Model 3 at 41,718 units.
Toyota Camry was a distant third with registrations of 27,169 units.
See Also: Best Electric Vehicle Stocks
Why It's Important: Tesla's strong performance in California suggests the robust uptake of electric vehicles in the state. As Governor Gavin Newsom seeks a reduction in greenhouse gas emissions and to end climate change, the California Air Resources Board issued a mandate banning the use of fossil fuels in all vehicles sold in the state beginning in 2035.
Tesla's dominance, therefore, does not come as a surprise as the rest of the startup EV companies are having difficulty ramping-up production and selling affordable and at the same time compelling vehicles.
In premarket trading on Wednesday, Tesla fell 0.34% to $264.38, according to Benzinga Pro data.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read Next: Why Tesla’s Cybertruck Can Become A $30 Billion Business Overnight, According To One Tech Chronicler
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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