Elon Musk's up to something big…
It's not his recent bid to acquire Twitter, which probably won't happen at the rate it's going.
It's not about Tesla accepting Bitcoin or Dogecoin as EV payment.
And it's not about sending astronauts to Mars, even though that would be pretty cool.
On its face, it's something much simpler…
But it will transform the workforce and the entire world economy as we know it.
It all starts with a simple prediction…
That a workforce of robots will eliminate labor shortages.
It couldn't come at a better time, especially now that former Treasury Secretary Larry Summers just predicted that the U.S. will need to maintain a 5% jobless rate over the next five years in order to curb inflation.
Musk is partnering with some of the top minds in the industry to make this dream a reality.
The problem for him is there's one critical piece of technology that these robots need in order to function properly.
And he can't legally get his hands on it.
That's because it's protected by some 27 patents.
The relatively unknown company that owns the patents isn't even on Wall Street's radar… yet.
Needless to say, Musk needs this small company in order to bring his robots to life.
That's if he can get the job done.
We all know we've got to take what Musk says with a grain of salt.
The Musk Effect
Elon Musk's made some bold predictions over the years.
In many recent examples, he’s made a name for himself as the boy who cried wolf.
In 2017, he launched Neuralink, a company that creates brain implants to help repair and reverse severe brain and spinal cord injuries, with the goal of mass-producing the brain microchips by 2021. But it’s already 2022, and experts are expressing concern over human trials.
It remains to be seen whether this tech will ever be available.
Then in 2019, Musk marketed his Tesla Cybertruck as having bulletproof glass. According to the company’s website, the patented Tesla Armor Glass is an “ultra-strong glass and polymer-layered composite [that] can absorb and redirect impact force for improved performance and damage tolerance.” At the big reveal of the truck in 2019, things didn’t go as planned when an employee tested the rigidity of the glass by throwing a heavy steel ball at it… twice, for good measure.
Next, Musk predicted that by 2019, the world would have self-driving cars on the road that would be so sophisticated that the driver could fall asleep at the wheel. He also said Tesla would have 1 million autonomous “robotaxis” on the road in 2020.
But last year, the National Highway Traffic Safety Administration (NHTSA) opened a formal investigation into Tesla’s autopilot system, identifying 12 crashes linked to the flawed system. And just two weeks ago, the NHTSA found that nearly 400 car crashes over the last 11 months occurred because of flawed automated driver-assist systems.
Needless to say, you don’t want to get caught sleeping behind the wheel of a Tesla.
So this is the trend from the richest man in the world: make bold predictions, throw ideas out there, and see what happens. And with a net worth of nearly $250 billion, he can afford to get away with it. He’s able to create hype around a new technology as well, something I call the “Musk effect.”
And now, like I mentioned above, he's making his boldest prediction yet…
Musk is even taking a break from car manufacturing and devoting all his time to something he calls his “most important product,” which he believes will streamline not only Tesla’s business but the world economy as a whole.
And there's only one way to play it…
Join Wealth Daily today for FREE. We’ll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: “How to Make Your Fortune in Stocks”
It contains full details on why dividends are an amazing tool for growing your wealth.
Tesla's Most Important Product
Musk’s latest prediction is that robots will soon be a part of our everyday lives.
But not just any robots…
In one of Tesla’s recent earnings calls, Musk said the company’s developing a “humanoid robot” this year…
So in terms of priority of products, I think actually the most important product development we’re doing this year is actually the Optimus humanoid robot. This, I think, has the potential to be more significant than the vehicle business over time. If you think about the economy… the foundation of the economy is labor. Capital equipment is distilled labor. So what happens if you don’t actually have a labor shortage? I’m not sure what an economy even means at that point. That’s what Optimus is about. So very important.
It looks like Musk’s going all-in on this.
Believe it or not, the company’s delaying production of its Cybertruck, Semi electric truck, and sporty Roadster until at least 2023 so it can bring this puppy to life.
Meet Optimus…
Musk plans to start testing the bot at Tesla factories by moving parts around.
But as I mentioned, these human-like robots rely on a critical sensor for proper balance and movement.
It's the linchpin to the entire operation.
Without it, the bots won't function.
My colleague and veteran tech analyst Christian DeHaemer calls it "inner ear" technology.
And Musk may have pigeonholed himself because this tech's 100% patented, so he either has to buy the company that owns it or keep purchasing the product.
Either way, it means this small company is minting a small fortune.
Christian just released a report detailing everything you need to know about the company that makes this "inner ear" tech and how you can get started today without risking it all on Tesla.
Stay frosty, Alexander Boulden After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.
Check out his editor’s page here. Want to hear more from Alexander? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on. 
Editor, Wealth Daily
Check us out on YouTube!P.S. If you want a break from the mainstream noise, check out our YouTube channel, where you'll find our most up-to-date videos and market insights.
