TSP $Price Target for Autonomous Trucking Revolution!
You saw how self-driving technology disrupted the car industry.
The demand for a Tesla is so high, they’re sold out for the rest of the year.
Autonomous vehicles are the future. And not just the ones in your garage…
Now the autonomous trucking market is about to take off! The market is projected to nearly TRIPLE in size by 2028 to $2.5 billion!
My pick for self-driving trucking tech is TuSimple Holdings Inc. (Nasdaq: TSP) from our Profits Unlimited portfolio.
I recommended it in November 2021 with a price target of $145/share in the next three to five years. It’s currently trading around $11.
Now is the time to invest — while prices are still low.
So, today, we’re sharing 1, 2, 3 ways to lock in potential profits by investing in the autonomous truck market early! Check it out:
Fasten your seatbelts because big rig trucking is going autonomous!
The prospect for the future of autonomous trucking is bright.
Stay tuned because I’ll show you 3 ways to lock in potential profits by investing now at rock bottom stock prices in a market that’s expected to surpass $2.5B by 2028. Buying these types of future-forward stocks at today’s low prices is what investors need do to be in the position to potentially make big money.
Hi, I’m Amber, Director of Investment Research here at Bold Profits Publishing the home for main street stock investors. Thanks for watching me on the Paul Mampilly YouTube channel. Please give us a thumbs up if you like the content of this video and don’t forget to subscribe to this channel. We so welcome your support.
Automated Trucks Are The Wave Of The Transport Future!
Now, as a long-time fan of big rig semitrucks, I can’t wait to see how autonomous driving tech will transform one the most vital industries in the world! Trucking.
Look! I even have my own hard hat courtesy of one of my family members who’s the owner of a big rig trucking business for about 25 years now. And I can tell you the discussion of autonomous/self-driving trucks has been the topic of dinner conversations.
The way my family member sees it, automated trucks are the wave of the transport future and will ultimately benefit trucking as a whole.
This perspective is in line with the American Trucking Association which late last year endorsed a comprehensive automated truck policy noting that:
And the sheer progress and breakthroughs happening with autonomous trucking is eye popping. Check out these news headlines in just the past 30 days!
Headline #1 Kodiak Robotics and US Xpress are set to pilot a new autonomous truck route.
Headline #2 FedEx CEO Says the Co. will make an enormous effort toward Autonomous Vehicle or AV trucks in June.
Headline #3 Autonomous vehicle leaders descend on Pittsburgh, PA to discuss the industry’s current and future state. Spoiler alert! Locally based Pittsburgh AV companies look to commercially deploy self-driving vehicles, like trucks potentially as soon as 2023.
And Headline #4 Self-driving tech developer, Aurora Innovation which employs about 1,600 people, has officially opened its headquarters in Pittsburgh.
All told, the global autonomous truck market, valued at $900 million in 2021, is projected to nearly triple in size by 2028, reaching $2.5 billion.
In the U.S. alone the trucking industry pulls in about $792 billion in yearly revenue. 72.5% of all freight moved throughout the U.S. is done by trucks. Without trucking, most critical industries would be adversely affected within 24 hours. 24 HOURS! [Jump Cut]
Paired with the exponential growth of the e-commerce market, demand for trucking is set to soar in coming years.
Per Trucking.org, demand for freight trucking is forecast to grow 36% between 2020 and 2031, while the shortage of truck drivers could rise to more than 160,000 by 2028.
This presents a clear and present opportunity for you to invest in autonomous/self-driving technology the wave of trucking’s future.
You Should Consider Buying Shares In TSP!
Now, here are 3 ways to invest in this growing market.
Step #1. Consider buying shares in TuSimple Holdings Inc. (Nasdaq: TSP). This co., through its subsidiaries, develops self-driving techs to meet the demands of heavy-duty and semi-trucks. “TuSimple is developing a commercial-ready Level 4 fully autonomous driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company’s proprietary leading autonomous vehicle technology which makes it possible for trucks to see 1,000 meters away, operate nearly continuously while using 10% less fuel than trucks on the road today.”
And get this.
On December 22, 2021, the company completed the first ever driverless operation of a commercial Class 8 heavy-duty long-haul truck on open public roads. The 80-mile nighttime journey from Tucson to Phoenix, AZ took one hour and 20 minutes. TuSimple coined the robot driven truck as Ghost Rider. Watching the driverless tractor trailer make its run from a remote video screen, TuSimple executives were left speechless. TuSimple’s CEO shared “…we had to…take in that moment. …with all the work we put into this, and to see it really happen on the highway, I think the word we used most was speechless.” The journey was incident free. The video captured other drivers on the road doing a double take when they realized no one was in the truck’s cab. TuSimple CEO said they literally had people trying to take video of the driverless truck. The company said they’re in this new autonomous truck driving tech for the long game and will aim to be very methodical with its launch.
Also Consider Investing In ARKQ!
Step #2. Consider buying shares in the ARK Autonomous Technology & Robotics ETF (BATS: ARKQ). This exchange-traded fund (ETF) seeks to invest in companies that stand to benefit from the broader adoption of autonomous/self-driving technology and software.
Watch Paul’s Presentation!
Step No. 3: Check out Paul’s presentation on the major mega trends shaping the automotive industry.
I’m talking about the artificial intelligence tech fueling autonomous vehicles and one special device at the core this revolution.
Paul is all in autonomous vehicles and has recommended stocks like TuSimple to subscribers of his Profits Unlimited monthly newsletter.
To see all the details about his take on one of the leading techs helping propel this market as well as another mega trend he follows with gusto, electric vehicles, please click the strong hands icon over my shoulder.
As a long-time fan of all things automotive, I can’t wait to see how this new autonomous vehicle tech will transform the trucking industry! Hats off to a bright future ahead for this mega trend!
And remember you can follow Paul & me on Twitter @MampillyGuru, and @ALancasterGuru for the latest news and trends in America 2.0 stock investing. That concludes this week’s Market Talk Monday. Have a good and safe week ahead! Until next time, Take Care!
Editor, Profits Unlimited