27% profits every 20 days?
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XPeng Aeroht announced the successful completion of another autonomous flight test for its X2 flying car on Tuesday.
What Happened: The company, affiliated with Chinese EV manufacturer Xpeng Inc (NYSE:XPEV) and headquartered in Guangzhou, showcased an 18-second video on X, formerly Twitter, capturing the flying car’s vertical takeoff, graceful flight over buildings, and smooth landing.
This accomplishment follows Aeroht’s initial flight of the electric X2 flying car at Skydive Dubai in October 2022, witnessed by over 150 attendees.
The X2 is a two-seater flying car boasting an enclosed teardrop-like cockpit and a lightweight carbon fiber structure.
It offers both manual and autonomous driving modes, making it suitable for in-city applications like sightseeing and medical transportation.
Why It Matters: "We think ultimately there is a big demand for consumers to own something that they can drive and fly at the same time," Xpeng Co-President Brian Gu previously said.
He believes the flying car industry’s success hinges on three key factors: ensuring vehicle safety and cost-effectiveness, establishing supportive government regulations, and gaining customer acceptance. Gu anticipates that these conditions will align within the next five to ten years.
XPeng Chairman He Xiaopeng previously announced plans for mass production and customer deliveries of the X2 flying car by 2024.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More: EXCLUSIVE: Meet Alef Aeronautics, The Startup Aiming To Replace Your Tesla Or Toyota With Flying Cars
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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