One LiDAR Stock to Benefit from EV Adoption (specifically the Apple iCar)

Apple Inc.’s (NASDAQ: AAPL) plan to build its own self-driving electric vehicle has been leaked…

It’s called “Project Titan” and the company is targeting 2024 for the car’s release.

Instead of being a self-driving taxi service like Alphabet Inc.’s (NASDAQ: GOOGL) Waymo, Apple’s goal is to sell affordable electric vehicles for the masses.

That means Apple would be in direct competition with Tesla’s (NASDAQ: TSLA) Models 3 and Y.

Personally, I expect Tim Cook and Apple to become a major threat to Tesla and Elon Musk.

Apple has a $195 billion war chest on its balance sheet to build the “iCar,” after all. That’s more money than any company in the world.

After selling billions of tech devices with rechargeable batteries for decades now, Apple understands battery technology as well as anyone.

Related: Make THIS your next Apple play…

Central to the company’s strategy to enter the EV market is a new battery design that could “radically reduce the cost of batteries and increase the vehicle’s range,” according to CNBC.

If Apple is able to pull off an affordable EV with more range than the latest Tesla Model 3 and Y’s, it would certainly have long-term potential to boost AAPL stock.

Tesla has risen 11% year-to-date and Apple just 9%, for what it's worth.

But investors need to remember, it took Musk 17 years before he could finally turn Tesla into a sustained profit-making business…

For higher returns, you might want to look into these two LiDAR companies that could become the primary suppliers to Apple’s new car venture…

LiDAR (light detection and ranging) is a method for measuring distances by illuminating the target with laser light and measuring the reflection with a sensor. This is for the self-driving component of the Apple car.

While Musk isn't a fan of LiDAR technology himself, Apple might be on to something here…

They did recently employ LiDAR to some of their latest iPad Pros – so they're likely collecting a ton of good information there that could help with the iCar.

Either way, it will be interesting to see who wins the race to produce fully autonomous driving electric vehicles that are affordable for regular folk like you and me.

Investors should pay attention to Velodyne Lidar Inc. (VLDR), currently trading for only $6.35 per share.

Velodyne Lidar is a Silicon Valley-based LiDAR technology company that largely operates in the automotive space. 

However, the business also provides LiDAR solutions used for autonomous vehicles, driver assistance, and delivery vehicles. It helps with the robotics, navigation, and mapping industries as well. 

And with the recent uptick in popularity for the electric and autonomous vehicle markets, the company has doubled down on launching a variety of new sensor products to capitalize on future demand.

This is because major manufacturers (in addition to Apple), including Ford Motors (F) and Volvo (VLVLY) said they planned to make LiDAR technology standard for vehicles in the years ahead.

Elon Musk's L.A.S.E.R. Project (with LiDAR)

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Elon Musk has had his hand in a brand new project…

Something known as L.A.S.E.R…

A megatrend that has already paid out gains as large as 1,495%… 2,459%… and 3,684%…

But this was just the beginning…

Because a recent breakthrough in a revolutionary new technology could cause L.A.S.E.R to dominate the entire stock market for years to come…

Creating a new wave of wealth for investors never before seen…

Legendary early stage expert Chris Rowe reveals everything for free in this special broadcast

Including the ticker symbol for his #1 pick from L.A.S.E.R.

Click here for the details.

$2 EV Stock No One's Talking About

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

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53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

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