May 10, 2024 5:48 AM | 2 min read |
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) CEO Elon Musk recently asserted that Tesla’s Full Self-Driving (FSD) technology is “half a decade ahead or more”. His comment comes amid ongoing debates about the effectiveness and safety of Tesla’s autonomous driving technology.
What Happened: In response to a comparison video between Tesla’s FSD and Mercedes’ Driver Assistance, Musk posted on Thursday, “Tesla is half a decade ahead or more.”
The video, shared by Whole Mars Catalog, aimed to determine whether Mercedes’ system was indeed superior as claimed by Consumer Reports.
See Also: Tesla Will Temporarily Stop Production At German Gigafactory: Here’s Why
This claim by Musk follows recent updates to Tesla’s FSD technology. Musk announced that the nagging issue with the steering wheel, which had been a point of complaint among Tesla drivers, had been fixed in the FSD 12.4 version.
Why It Matters: Tesla’s FSD technology has been under scrutiny, with critics questioning its safety and effectiveness. Facebook co-founder Dustin Moskovitz raised his concerns as he compared Tesla’s situation to the infamous Enron scandal.
Despite the criticism, Tesla continues to compete in the global EV market. Mercedes-Benz, for instance, has welcomed Tesla’s entry into the Indian market. However, Tesla’s popularity in California has seen a decline, with a drop in registrations.
Price Action: On Thursday, Tesla’s stock closed at $171.97, marking a 1.57% decrease from the previous close, according to Benzinga Pro.
Read Next: Why Rivian Stock Is Charging Up Premarket Today
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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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