What if I told you there was already a fully autonomous vehicle on the market? And that this vehicle can provide you with an income stream?
What company would you guess produced it?
If you think Tesla (TSLA), Ford (F), BMW, Hyundai (HYMPY), or General Motors (GM)… You’d be wrong.
The first company to mass-market a fully-autonomous vehicle was none other than John Deere (DE).
That’s right. The tractor company.
John Deere’s autonomous 8R tractor made its first debut at CES, the most influential tech event in the world, back in January of 2022. More than 45,000 attended and 2,300 companies participated.
And the response was off the charts.
Today, I’ll explain how this vehicle’s revolutionizing of the agricultural space is stacking profits you can claim right now.
John Deere’s Autonomous 8R Tractor
John Deere’s autonomous 8R tractor has more technology than you can imagine.
The machine has 360-degree obstacle detection thanks to dozens of specialized cameras.
But this tractor doesn’t just see. It thinks.
Images are instantly passed to a deep neural network. And it uses artificial intelligence (AI) to not only analyze each image, but every pixel.
The network tells the tractor exactly where to go within 100 milliseconds.
And that’s just the tip of the iceberg.
John Deere’s Exact Shot technology also calculates the precise amount of fertilizer needed. Overall, it reduces the amount of fertilizer, which reduces the overall cost for the farmer and the environmental impact.
So how does this tech work in real life?
Using an app on their phone, farmers can tell the tractor where to go.
With a single tap, the 8.5-ton tractor comes to life and gets to work. It automatically uses the perfect amount of seeds, fertilizer, and minimizes damage to existing plants. It’s even designed to use different types of attachments as it changes locations or crops.
Source: AI Business
And unlike a Tesla (TSLA), the farmer doesn’t need to be inside the tractor. They don’t even have to be in the same state.
This technology is being added to several of its top models.
Right now, these machines go for $500,000. But based on the efficiency gains we’ve researched, they are worth every penny.
The Market’s Response to This New Technology
And the market seems to agree. In 2022, John Deere’s revenue and earnings were the highest in the company’s history.
John Deere’s management team is guiding for another record year in 2023.
And at Wide Moat Research, we anticipate John Deere’s $5 per share annual dividend will increase by double-digits in the next few years.
It’s now up 64% since the start of the pandemic.
Thanks to its low payout ratio and recent credit upgrade to A+, that dividend is as safe as they come.
That means you can sleep well at night investing in this legendary American company.
While autonomous cars have hit some road bumps, you don’t need to wait around to profit from autonomous driving technology. The opportunity is right in front of you.
And unlike the automakers, John Deere benefits from the stability and durability of the agricultural sector.
Since food prices tend to go up with inflation, demand – and prices – for John Deere’s tractors go, too. This makes John Deere one of the better picks in today’s challenging world.
Now’s the time to buy before the share price jumps up again as the rest of the world discovers this great investment.
Happy Investing,
Stephen Hester
Analyst, Intelligent Income Daily
P.S. We’re currently up 17% on Deere in our Intelligent Income Investor portfolio, and just published a special report on another stock that is capitalizing on the rise of AI technology.
Its yield is almost 4X that of Deere. And Brad Thomas recently recorded a special presentation on this opportunity. Click here to watch.