Tesla recently announced it would be recalling 40,000 cars.
The recall is due to a bug in the cars’ steering and self-driving software — the type of bug that could cost thousands of people their lives.
This unfortunate news sent Tesla investors heading for the hills. In fact, Tesla stock quickly dropped about 50%.
But today, I’ll show you why this could actually be good news…
And most importantly, why it could mean big profits for investors like you.
Demand Could go BOOM!
The idea of a “self-driving car” might strike you as something out of a science-fiction movie.
Or maybe it seems like an unnecessary luxury.
But here’s the thing:
In the coming years, I believe self-driving cars will become the standard for all automotive transportation across the country, and potentially across the world.
Billions of dollars are flowing into this sector already. And they’re flowing from everywhere — from big automakers like GM and Toyota, to tech giants like Google and Amazon.
And when you think about it, it makes sense:
Not only could self-driving cars help save consumers time…
But they could also help save millions of lives…
Save 1.2 Million Lives Each Year
You see, according to the CDC, over 1,350,000 people die each year in car-related accidents.
That’s nearly 3,700 deaths every day.
Currently, it’s the eighth-leading cause of death in the world. Even more deadly than HIV/AIDS.
And the saddest fact about all this?
94% of these deaths are caused by human error.
Meaning, 1,269,000 people die each year because of their OWN mistakes!
So if you take humans out of the equation and simply let cars drive themselves...
That’s 1.2 million lives that could be saved!
Billions of Dollars at Stake
So it’s no wonder that capital is pouring into this market right now.
For example, venture funding into autonomous vehicle startups went from virtually nothing a decade ago...
To over $10 billion in recent years:
And as mentioned earlier, everyone from the largest auto makers to the biggest tech companies are trying to get in on the action.
For example, CNBC recently reported that Google’s self-driving car initiative, Waymo, raised over $2.5 billion from investors including Fidelity, T. Rowe Price, and Tiger Global.
And last year, Amazon announced it would acquire self-driving car startup Zoox in a deal valued at $1.2 billion.
On top of that, all the “big boys” of the car world are pouring billions into this sector, too:
For instance, Toyota recently acquired Lyft’s self-driving technology for roughly $600 million...
And Forbes reports that GM will invest $35 billion over the next few years into developing self-driving cars.
These companies understand that self-driving cars are the future — and they’re expecting this sector to deliver big demand, and big profits.
But there’s just one problem…
Self-Driving Cars’ Big Problem
Given how much money is being invested, you might wonder why you don’t see self-driving cars all over the roads right now.
Well, as it turns out, self-driving cars currently have a big problem.
And tomorrow, my partner Wayne Mulligan will explain what it is…
Explain what it has to do with Tesla’s recalls…
And, most importantly, start explaining why it could mean big profits for investors like you.
So stay tuned for tomorrow!
Best Regards,
Founder
Crowdability.com
