It’s not often a so-called financial writer so blatantly misreads a key tenet of the technology business.
But that’s just what I saw in a piece I came across a couple of weeks ago.
Offering his take on Tesla’s announcement that its new Model S sedans would feature some “self-driving” technology, the columnist bemoaned the vehicle’s high price. He worried that “America’s wealth gap will spread to the highways,” leaving regular folks behind.
However, this is how consumer technology always works – in the short term.
The wealthy are early adopters – they act as guinea pigs, essentially – giving tech companies the capital and time to perfect their technology and make it affordable.
So, instead of bashing the rich, today I’m taking a different route.
I’m going to show you what I think is the best way to profit from the $15 billion self-driving tech sector.
That piece of the greater automotive tech industry is on track to more than double by the end of this decade – and I think this stock could double a lot sooner than that.