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* The Robotaxi Revolution is Coming – Here’s How You Can Profit…

Meet Louis Navellier

THE ROBOTAXI REVOLUTION IS COMING – HERE’S HOW YOU CAN PROFIT…

It’s becoming a reality faster than you think…

By Louis Navellier, Editor, Growth Investor Oct 9, 2024, 4:30 pm EDT October 9,
2024

It’s amazing to think how far technology has come in the past 50 years. Five
decades ago, accessing the internet or taking pictures from a mobile phone was
unheard of.

When the first cell phone launched in 1973, it weighed about two-and-a-half
pounds. And the battery lasted about 20 minutes. Then, 20 years later, the
DynaTAC 880X came to market, which is known as the first smartphone. It had a
variety of features (what we consider apps), including an address book,
calculator, calendar and email.

Source: IBM

But as we all know, the real watershed moment came on June 29, 2007, when Apple
Inc. (AAPL) introduced the iPhone.

Over the years, smartphones grew smaller, thinner, and had far more capabilities
and apps. In about 47 years, cell phones went from weighing more than two pounds
with only 20 minutes of battery to a few ounces with almost a day’s worth of
battery life. Plus, today’s smartphones are literally millions of times more
powerful than NASA’s Apollo 11 computers in the 1960s!

The evolution was steady but dramatic. Today, for example, you can use tools
like Google Lens on your phone to take a picture of a specific object that you
want more information about.

Source: Google

The reason for the smartphone’s dramatic evolution is because of the Law of
Exponential Progress. This is when a long series of tiny, gradual changes alter
our world, yet we barely notice them until one day, we wake up and realize a
massive change has taken place.

I bring this up because we’re seeing the same phenomenon occur in the automotive
sector with driverless cars. It sounds crazy, but it’s becoming a reality faster
than you think.

So, in today’s Market 360, I’ll explain how driverless cars have taken shape and
how you can position yourself to profit from it.

THE EVOLUTION OF DRIVERLESS CARS

Let’s start by taking a journey back in time.

Not too long ago, if you were traveling somewhere new, you needed to use a map
or atlas for directions. It could be a frustrating process, having to constantly
check the map and potentially winding up lost. However, come the 1990s,
computer-powered car GPS systems were available for mass consumer purchase. So,
folks had an option of using a map, buying a little GPS device that they could
attach inside their car or, paying a bit more for a GPS that was built into the
car itself. It was pricey, but what was once considered an extra feature now
comes standard in most cars.

There have also been significant changes in how we start our cars. For decades,
we had to turn a key, then the ignition button came along, and now people can
turn their car on with a key fob without even going inside!

As cars and technology have advanced, they’ve grown “smarter,” too. In 2003, the
first cars were introduced that could parallel park themselves. Shortly after,
collision detection sensors began appearing in cars to alert drivers of objects
and people when backing up. Then lane assist became standard in many cars, so
folks didn’t run off the road if they were distracted.

In 2014, Tesla, Inc. (TSLA) introduced “autopilot,” which features lane
centering, traffic-aware cruise control, self-parking, automatic lane changes
and semi-autonomous navigation.

The Society of Advanced Engineers outlines six levels of vehicle autonomy, from
Level 0, which is fully manual, to Level 5, which is fully autonomous.

Source: Synopsis

Now, most automakers have been stuck at Level 3 – until recently, that is…

Alphabet Inc.’s (GOOG) Waymo operates the most advanced autonomous vehicle (AV)
program in the world. It has been developing autonomous vehicle technology over
the past decade, and the division began testing its autonomous ride-hailing
service in San Francisco and Phoenix a few years ago. It works the same way when
you request a ride through Uber Technologies, Inc. (UBER) or Lyft, Inc. (LYFT),
but there’s just no driver.

Waymo has a roughly 700-vehicle fleet, operating across San Francisco, Phoenix
and Los Angeles. Its fully autonomous vehicles are currently available in San
Fransisco and the Metro Phoenix area, with service rolling out gradually to
areas of Los Angeles, Austin and Atlanta.

To request a ride, you simply use the Waymo One app.

The vehicles have traveled over 22 million miles so far and have been rigorously
tested through real-life and simulated scenarios to improve their functionality
in crashes or other accidents, for example. According to Waymo’s peer-reviewed
safety data, Waymo’s cars are involved in 84% fewer crashes where an airbag is
deployed and 73% fewer crashes with an injury.

What’s more, compared to current ride-hailing options like Uber and Lyft, you
don’t have to worry about your personal safety during an encounter with a
driver, since there isn’t one!

Also, no driver means no tipping. So, the rides often end up being cheaper, too.

My InvestorPlace colleague, Luke Lango, even tested out a Waymo ride for
himself. You can check out the video here to see how it works.

Now, tomorrow could mark a watershed moment for autonomous vehicles. That’s when
Tesla is expected to announce its entry into the AV race…

AVS ARE ON THE MOVE

Tomorrow at 8 p.m. Eastern, Elon Musk is set to reveal Tesla’s “Robotaxi,” a
fully automated car with no mirrors, no pedals and no steering wheels. It’s
going to fully rely on AI-powered sensors to find its way around.

It might sound crazy. But the idea of using a cell phone to access the internet
was crazy once, too. Then, the iPhone came along. And now, 153 million people
use an iPhone in just the U.S. alone. Worldwide, that number rockets up to a
whopping 1.46 billion.

Luke believes autonomous vehicles are on the verge of having their “iPhone
moment.”

In other words, he says the self-driving revolution is here and is set to go
mainstream. And he talks all about why this trend will be unstoppable in a
recent video presentation.

More importantly, he’s found a sub-$3 stock that he believes could be the key to
unlocking Musk’s greatest promise – a land of fully autonomous cars.

To learn more about the Robotaxi, how it could further revolutionize driverless
cars and how you can profit from it, click here to watch the replay.

Sincerely,

Louis Navellier

Editor, Market360

--------------------------------------------------------------------------------

“Financial Chaos Is Coming By October 21”

October 21 could spark the stock market’s biggest day of the year, according to
the man who predicted the 1987, dot-com, and 2008 crashes. You have just days to
prepare for a historic turning point in the market that could double your money
– as he’s already shown 675 different times. See his outline (and #1 urgent
recommendation) here.

--------------------------------------------------------------------------------

Submit

Louis Navellier Editor, Market 360

MEET LOUIS NAVELLIER

Louis Navellier is one of Wall Street’s renowned growth investors. Providing
investment advice to tens of thousands of investors for more than three decades,
he has earned a reputation as a savvy stock picker and unrivaled portfolio
manager.

Learn more about Louis

--------------------------------------------------------------------------------

Article printed from InvestorPlace Media,
https://investorplace.com/market360/2024/10/the-robotaxi-revolution-is-coming-heres-how-you-can-profit/.

investorplace.com Open in urlscan Pro 2606:4700::6810:be86 Public Scan

Form analysis 5 forms found in the DOM

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GET https://investorplace.com/search/

POST

Name: pir_login — POST https://investorplace.com/ipa-login/

POST

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investorplace.com Open in urlscan Pro
2606:4700::6810:be86 Public Scan

Form analysis
5 forms found in the DOM