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.
EV giant Tesla Inc (NASDAQ:TSLA) has hiked the prices of its Model 3 and Model Y rear-wheel drive versions in China as per the company website by as much as 2,500 yuan.
What Happened: The price of the Model 3 rear-wheel drive in China has been raised by 1,500 yuan (approx. $206 USD), settling the vehicle at a new price point of 261,400 yuan. Similarly, the Model Y RWD has witnessed a price surge of 2,500 yuan (approx. $344 USD), raising its starting price to 266,400 yuan.
| Older Price | New Starting Price | |
| Model 3 RWD | 259,900 yuan | 261,400 yuan |
| Model Y RWD | 263,900 yuan | 266,400 yuan |
The prices of all other variants of the vehicles, as well as other Tesla models, remain unchanged on the company’s China website.
Why It Matters: Despite the price hike, the Model Y RWD continues to be cheaper than Oct. 2022 when Tesla first started cutting prices in China. The refreshed Model 3 RWD, priced 12% higher than the former Model 3, was launched in China only recently in the third quarter.
Last week, Tesla also hiked the prices of Model 3 Long Range in the country by 1,500 yuan and the Model Y Long Range price by 2,500 yuan.
Photo via Shutterstock
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read Next: Tesla Users Continue To Request Removal Of Steering Wheel ‘Nag’ Despite Musk’s Promises For A Fix
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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