Editor’s Note: Tune in tonight at 10 p.m. Eastern to witness the most significant launch in Elon Musk’s career: the Robotaxi. This much-anticipated reveal could transform the future of transportation, making autonomous vehicles a reality.

It may sound far-fetched to think of a driverless car, but remember how personal computers (PCs) seemed improbable in the 90s? Thanks to visionaries like Steve Jobs and Steve Wozniak, that futuristic idea became a thriving market. The rest is history.

As InvestorPlace colleague Luke Lango recently highlighted in a special briefing, autonomous driving is closer to reality than you might expect. He even has video evidence of his own experience. However, with Tesla’s event quickly approaching, this briefing will be taken down tonight, marking your last chance to catch it.

You may now be questioning how to profit from this exciting development. Today, Luke will guide you through those investment prospects. Take it away, Luke.

When Steve Jobs transformed the computer industry to create Apple Inc. (AAPL), he turned a once speculative dream into reality. Eventually, Apple grew to become one of the most valuable companies in the world.

In the early 1970s, personal computing was largely just an idea with no established market. Steve Jobs and Steve Wozniak created the Apple I to fill a gap they experienced: they wanted a user-friendly personal computer that actual consumers could use.

The pair invented the market.

They designed the Apple I driven by their need for a feasible computer, as existing options were either too complex or impractical.

In the mid-1960s, the IBM 1401 showcased significant advancement, yet it was still impractical for everyday use, weighing nearly five tons. It was comparable to Henry Ford’s Model T but couldn’t easily be transported to friends’ homes.

Meanwhile, the Altair 8800 emerged as a do-it-yourself option for hobbyists, inspiring Jobs and Wozniak in the development of the Apple I.

Motivated by the goal of creating an accessible computer for everyone, they eventually introduced the Apple II, the first user-friendly PC designed for consumers.

The Apple II revolutionized computing by being user-friendly and pre-assembled, allowing everyday individuals to get started without needing technical expertise.

This innovation marked the beginning of the personal computing era we know today.

Steve Wozniak has shared reflections about his time at Apple:

“Every single Apple project – computers, hard disks, everything – I had never designed those things ever in my life… I had no training in them, but I was so good at taking the little parts – like pieces of wood to build a building – that I could architect something that was perfect.”

Wozniak emphasizes an important point: while education is valuable, creativity and innovation can lead to groundbreaking results.

He furthers this thought by stating:

“A person who knows how to take the little elements and build on them… is better than someone who knows how to do it from past experience.”

This perspective is relevant today as leading companies compete to enhance artificial intelligence.

Microsoft Corp. (MSFT), Amazon.com, Inc. (AMZN), Alphabet Inc. (GOOGL), Meta Platforms, Inc. (META), and others have poured billions into AI initiatives.

Thus far, they’ve primarily followed the established path set by OpenAI. However, there’s a notable contender poised to revolutionize AI like Apple did for computing.

What to Expect from the Upcoming Launch

In just a few days, Tesla Inc. (TSLA) CEO Elon Musk, the world’s richest individual, will unveil an AI-driven product believed to be as transformative as the iPhone, the Model 3, or the original PC.

This innovation is the Robotaxi. It is set to amaze audiences worldwide.

Reports suggest the vehicle will be a fully self-driving car, devoid of a steering wheel or pedals, featuring a two-seat setup with a sizable center console. Musk claims it will offer the industry’s lowest cost-per-mile…

“““html

The Dawn of the Robotaxi: A Potential Investment Breakthrough

Elon Musk’s Ambitious Reveal Tonight

Elon Musk is set to introduce a groundbreaking Robotaxi during his “We, Robot” event this evening. This autonomous vehicle could change transportation as we know it, featuring its own ride-hailing app similar to Uber’s, enabling users to summon rides with the simple push of a button. Although this may sound like science fiction, it is on the verge of reality, igniting excitement in both tech enthusiasts and investors alike.

This event encapsulates Steve Wozniak’s notion that those who innovate have greater value than those who stick to traditional methods. Tonight, we may witness extraordinary advancements in technology.

Historically Significant Product Launches

Consider the rise of mobile technology. In the mid-2000s, the idea of a mobile phone connecting us to the internet seemed fantastical. Apple turned that dream into reality with the iPhone, creating an entirely new consumer experience. When such innovations materialize, they not only reshape our daily lives but also present lucrative opportunities for investors.

Elon Musk’s Robotaxi presentation around 10 p.m. Eastern could bring significant attention to current developments in autonomous vehicles (AVs), potentially driving investment towards AV-related stocks.

The critical question arises: when a major product is launched, what’s the most effective way to invest? Initially, one might think to invest directly in the company producing the product. However, history suggests there may be more advantageous routes.

Take Apple, for example. Since the launch of the first iPhone in June 2007, Apple stock has skyrocketed over 6,000%. Yet, the real star was Broadcom Inc. (AVGO), an Apple supplier whose stock surged more than 16,000% during the same period.

Another instance is Tesla’s Model 3, regarded as the pivotal electric vehicle that propelled EVs into mainstream acceptance. Since its launch in July 2017, Tesla’s stock has jumped around 1,500%. Notably, NVIDIA Corporation (NVDA), crucial for powering Tesla’s Autopilot technology, saw its stock soar approximately 14,000% since the Model 3’s debut.

Herein lies a vital lesson for investors: sometimes the best stock opportunities arise not from the headline-grabbing manufacturers, but from their suppliers.

Identifying Promising Supplier Stocks for the Robotaxi Era

If the Robotaxi scales into a transformative product, TSLA stock will undoubtedly rise. Nonetheless, history implies that specific supplier stocks may see even greater gains.

In preparation for this significant launch, I recently hosted a briefing to discuss key advancements in the autonomous vehicle market, unveiling my recommendations for potential superstar supplier stocks to consider now.

This approach not only focuses on the imminent Robotaxi launch but also explores the broader autonomous vehicle revolution and ways to capitalize on such trends. As we anticipate Tesla’s event, the window to engage in these insights is closing quickly.

Don’t miss your chance to watch my special briefing and get ready for this transformative era in transportation.

Sincerely,

Luke Lango

Editor, Hypergrowth Investing

“`