7 of 8 People Are Clueless About This Trillion-Dollar Market
Investing
By: Brett Neuling
You probably know that Elon Musk, CEO of Tesla, is one of the richest people in the world.
This is largely due to the huge surge in interest in electric vehicles or EVs.
Yes, all of the talking heads in the media go on and on about Tesla and its potential…
But they're not telling you the real story behind it all.
The potential of Tesla, and the reason that savvy investors are backing it, isn't tied exclusively to EVs or self-driving cars.
There's another giant prize that Tesla and hundreds of other companies are chasing.
And it could be far larger than the auto industry.
The global self-driving market is predicted to reach US$42 billion by 2025, according to Boston Consulting Group.
But the tech I'm talking about? McKinsey and Co. forecasts it will be a US$19.9 trillion market.
And as huge as that number is, consulting firm Accenture says 87% of consumers don't even understand what this technology is.
What an opportunity that presents!
It's predicted to be so big that companies like Cisco and Intel are budgeting billions to be a part of it.
But again, 87% of consumers don't yet understand what it is. 7 out of 8 people you see walking down the street are missing out.
And we believe that presents a huge opportunity for us individual investors. We're not market timers here at The Motley Fool, but we certainly don't mind investing before the crowd catches on!
And that crowd may be just around the corner…
You see, there is a special technology that some are calling "bigger than the internet." In fact, it's the technology that is behind much of what Amazon does.
The masses will soon be catching on as this tech gets more and more popular. And I suspect when they do, they'll be focusing on obvious names… like Cisco and Intel… as they look for their share of the pie.
However, it's not just the big names in the US that have huge opportunities…
In fact, we believe there are three companies right here on the ASX which have the potential to make giant profits as this technology takes off.
The good news is that you can find out all about these companies and this extraordinary technology today.
The Motley Fool Australia has laid out the full story on this incredible tech trend in an exclusive report – FREE for members.
And trust us… we think you're going to want to see this report before you invest $1 in any tech company right now.
Think about how many amazing technologies you've watched soar to new heights while you kick yourself, thinking, "I wish I'd bought in on that."
Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about that so early on."
That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this tantalising tech, and hear more about these names our team believes are well-positioned to capitalise on this major shift.
Enter your email below to learn about this futuristic technology before it really takes off!
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Cisco Systems, Intel, and Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, short January 2023 $57.50 puts on Intel, and short January 2025 $45 puts on Intel. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. For more information about The Motley Fool see our Financial Services Guide. All returns cited are hypothetical and based on the percentage change between the stock price at the time of recommendation and the current or sell price (if the position has been closed) at the time of publication. Brokerage, taxes and any other associated costs are not taken into account. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. Performance figures are not intended to be a forecast and The Motley Fool does not guarantee the performance of, or returns on any investment. Any money back guarantee is strictly limited to the subscription price paid for the product.
