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 (NASDAQ:TSLA) CEO Elon Musk on Friday said that the company will unveil its self-driving robotaxi on August 8, following reports that the company has scrapped its plans to make a lower-cost EV priced at around $25,000.
What Happened: “Tesla Robotaxi unveil on 8/8,” Musk wrote on X, formerly Twitter.
ARK Invest Management‘s Tasha Keeney observed the situation and noted that the confusion around Tesla’s autonomous driving efforts might be why several analysts are not factoring it into the company’s price target. Keeney, however, is optimistic about the future of robotaxis and its impact on Tesla’s enterprise value.
Why It Matters: During Tesla’s fourth-quarter earnings call in January, Musk said that the company would start making its low-cost vehicles at its gigafactory in Texas in the second half of 2025. Both the vehicle and its manufacturing system would be “revolutionary,” Musk then said, while adding that the production ramp for the vehicle is likely to be “challenging.”
Musk has been touting both the idea of a lower-cost EV and a robotaxi for years. As per Musk’s biography by Walter Isaacson, Musk previously vetoed the idea of a lower-cost car saying robotaxis would make the former unnecessary. Tesla chief designer Franz von Holzhausen apparently convinced him later to pursue both by demonstrating that both offerings could be built on the same platform.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Elon Musk, Tesla illustration via 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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