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), the electric vehicle giant led by Elon Musk, has seen its revenue surge to astronomical levels over the years, and its growth story is nothing short of remarkable. But a social media user seems to have stumbled upon a rather curious pattern.
What Happened: The conversation began with Jon Erlichman, a CTV National News anchor, sharing a fascinating perspective on Tesla’s revenue milestones.
He wrote, “Tesla’s revenue: 2023: $73,000 every 23 seconds, 2020: $73,000 every 1 minute, 34 seconds, 2015: $73,000 every 9 minutes, 2010: $73,000 every 5 hours, 2007: $73,000 for the year.”
Musk cheekily replied: “Almost like there's a trend”
Interestingly, $73,000 is currently the starting price of Tesla’s rival Rivian Automotive Inc‘s (NASDAQ:RIVN) R1T pickup.
Why It Matters: Tesla’s revenue growth has been driven by a combination of factors, including its expanding lineup of electric vehicles, increasing demand for sustainable transportation options, and advancements in autonomous driving technology.
Erlichman himself pointed out a month ago that Tesla could reach the $100 billion annual revenue mark this year, faster than many large-cap companies.
The stock itself has a remarkable story since its initial public offering in June 2010, having skyrocketed a whopping 18,118% in 13 years.
As of the last close, Tesla shares were at $233.19, according to data from Benzinga Pro.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More: Tesla Ties With Lexus In US Auto Customer Satisfaction But Remains Behind This Foreign Rival
(Image created with artificial intelligence on MidJourney and Jonathan Weiss on Shutterstock)
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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