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 startup Rivian Automotive (NASDAQ:RIVN) is now working on offering variations of the tank turn feature it decided to scrap in favor of driver safety and respect for the environment.
What Happened: “…we are thinking of variations of tank turn where we would use parts of the technology to have slightly similar features but more targeted for off-road scenarios with a true utility for our owners. This is something we have been thinking about,” Vice President of Software Development Wassym Bensaid said in an interaction with Rivian owners. The senior executive was responding to an owner who requested the feature.
A tank turn enables the vehicle to rotate on its center axis like a tank. Rivian posted a video of its R1T truck doing a tank turn in December 2019. The video has garnered 2.4 million views to date.
Dropping The Turn: In May 2023, Rivian CEO R.J. Scaringe informed that the company decided not to pursue the feature as it wanted to protect trails.
"Over the last year and a half, we have arrived at the view that it's a feature that while we can do it, it's so easily abused and so hard to make sure that we don't tear up trails and do things that are in contrast to what we stand for as a company," Scaringe said about the feature.
Bensaid reiterated the same in his discussion with owners and said that there are two challenges to implementing the feature: driver safety and respect for the environment. The company debated internally about the feature and has decided it is against its principles to offer the feature as proposed initially, the senior executive said.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read More: Tesla FSD Is Now Nearly 50% Cheaper Than When Elon Musk Called It ‘Very Low’ Just Under A Year Ago
Photo 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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