Are you invested in self-driving cars yet? If not, I hope you’ll read this article carefully.

I’ll show you a unique opportunity to invest in this megatrend at a bargain price.

And it isn’t some risky stock with unproven technology. It’s a dominant, profitable company that’s leading the self-driving universe.

And because of a rare situation in the markets, you can buy it today for practically nothing.

Self-Driving Cars Aren’t Mainstream Yet, but They Will Be Very Soon

Fully robotic self-driving cars are already cruising around the suburbs of Phoenix, Arizona. The flat, wide roads and sunny skies there make for ideal driving conditions.

These robocars are operated by Google’s GOOGL subsidiary called “Waymo.”

Waymo’s Arizona robocar service already has hundreds of paying customers. And it’s in testing in another 25 US cities.

In the Driverless Car Race, Waymo Is the Unquestionable Leader

The following chart is so darn important. It shows Waymo cars have driven more driverless miles than all competitors combined:

This is key because its self-driving cars run on one centralized computer “brain” that learns from every mile driven.

Waymo has run laps around its competitors for several reasons. But the company’s biggest advantage is its sensor technology.

Waymo’s Technology Can “See” Better than Anything Else Out There

As I discussed recently, true self-driving cars must be able to reliably detect and interpret everything around them.

Waymo has invested billions—likely far more than any of its competitors—to develop this ability. Its biggest breakthrough is the creation of cutting-edge LIDAR, which stands for Light Detection and Ranging.

In short, LIDAR sensors measure distance with laser pulses.

Tiny sensors that resemble a lawn sprinkler are affixed to the roof and front grill of the car. These sensors then send out roughly 160,000 pulses per second in all directions. These pulses can detect the smallest detail, like a leaf blowing in the wind.

You might call LIDAR Waymo’s “crown jewel.” Insiders agree it’s hands-down the best LIDAR sensor available today.

In fact, this technology is so important that competitor Uber allegedly tried to steal it by hiring away a key Waymo engineer in 2016.

Waymo Is Now Preparing to Sell LIDAR to the World

Early last month, Waymo announced it would start selling its cutting-edge sensors to other companies in non-automotive industries.

LIDAR has dozens of uses. For example, waste management companies are beginning to use it to collect trash and sweep sidewalks.

Grocery giant Walmart (WMT) uses a LIDAR robot to stock the shelves.

And John Deere (DE) equips some of its tractors with LIDAR so they can navigate through crop fields.

In all, LIDAR sales topped $1.7 billion last year. Research from BIS Research estimates it will hit $5.8 billion in four years.

This Decision Is a Big Deal for Google’s Stock

Google has quietly pumped billions of dollars into Waymo since 2009.

Google keeps its total investment in Waymo a secret. But my independent research suggests it has invested well over $5 billion. In 2018, Waymo ordered 62,000 Chrysler Pacific minivans, which cost $2.79 billion alone.

With this move, Google is sending a clear signal: It’s finally “flipping the switch” to start harvesting profits from Waymo.

Google Is What I Call a Disruption “Incubator”

Google is what I call a “disruptor stock.”

Google has formed a dozen or so disruptive offshoots separate from its core business of internet search.

Waymo is one. Another you likely know well is YouTube. YouTube.com is the second most-viewed website on earth, behind only google.com.

In the past three years, Google has pumped close to $15 billion into its disruptive offshoots. And they all lose money.

Together they’ve been a huge drag on Google’s profit. In 2018, they produced a $3.4-billion loss.

Google’s “Disruption Incubation” Program Is a Genius Long-Term Move

Google was one of the first big American companies to invest in self-driving car research way back in 2009. Now, 10 years later, it’s finally about to start reaping the rewards.

But here’s the key that most investors overlook: 10 years is a long time to keep sinking cash into a money-losing program. Especially for a publicly traded company like Google.

Most investors are obsessively focused on quarterly results. For 40 quarters in a row, Google’s commitment to developing self-driving car technology has hurt its financial results.

Which has led to the opportunity we have today…

Google Trades at 25X Earnings—Near Its Lowest Valuation Since 2015

For context, it’s the same valuation that seller of “basics” Proctor & Gamble (PG) trades for. And P&G is not growing at all.

Meanwhile, Google’s sales have exploded 530% over the past decade.

25X earnings is a good price for just Google’s extremely profitable core business of internet search. 92 of every 100 internet searches flow through Google.

Buying Google at Today’s Price of $1,215 is Like Getting Waymo (and YouTube) for Free

Markets are completely overlooking this. Keep in mind, Waymo is transforming from a business that burns billions into one that makes billions.

As I mentioned, Waymo’s LIDAR is the best on the market. My calculations show that within three years it could easily make $2.5 billion a year selling its LIDAR systems alone.

And that’s nothing compared to the huge opportunity is has as it expands its robocar ride-sharing service. Within three years, that should rake in roughly another $10 billion a year.

I recommended buying Google at $1,070/share a couple of months back. Today it’s selling for $1,215/share. I see it hitting $2,000 in the next couple of years.