![]() The biggest risk to investing in the company now is that it has already enjoyed a share price boost from the Apple news. Velodyne Lydar, Valeo, and Innoviz are among the competitors also making deals with global vehicle manufacturers. Three other companies are in the race, and that’s just in the LiDAR space. Luminar Technologies may have the best technical specs on its sensors, but it doesn’t mean that they’re guaranteed to be the most successful company in the industry. Luminar Technologies Has Buzz But Will It Win? That doesn’t mean it’s going to be plain sailing. The company has a scalable operation to make automotive-grade products that are quickly being adopted throughout the industry. And Apple aside, the company has deals to integrate its $1,000 sensor technologies into vehicles from distinguished brands like Toyota ( TM), Audi, and Volvo (which is also an early investor). Share prices were trading as high as $20.00 within months, and the company has about $600 million in cash provided from the blank check company involved in the merger as well as from private investors, including Peter Thiel and Nick Woodman.ĬEO and founder Austin Russell became the world’s youngest self-made billionaire at the age of 25 from the merger. The company was valued at $1 billion before going public through a December 2020 SPAC merger that started at $6 billion and shot as high as $8 billion at one point. Luminar Technologies had a market capitalization well over $6 billion in 2021. These competing visions have some investors wondering if Luminar Technologies is a good investment. His vision for an automated future involves 360-degree cameras equipped with high-end artificial intelligence. However, those limitations led Tesla ( NASDAQ:TSLA) founder Elon Musk to declare the technology dead before automated cars even arrived. It can do it in adverse weather with minimal interference from other LiDAR-equipped vehicles or even sunlight. ![]() The sensors developed by Luminar can see over 250 visible meters with over 300 points-per-square-degree at 10 Hertz. It’s the key feature that helps accurately determine where buildings, people, other cars, and potential obstacles and accidents could occur. LiDAR data is combined with GPS, scanners, and other data to provide a three-dimensional topography map of the world around you. It differs from radar (which uses sound) by using light to generate a three-dimensional map of the surrounding area. Not only that, but its technology is leading the market with the longest range, best resolution and performance, and least interference in the industry.įor the unfamiliar, light detection and ranging is a remote sensing technology. Luminar Technologies is an Palo Alto, California-based LiDAR sensor manufacturer. So, is Luminar Technologies a good investment? Luminar Technologies: Bird’s Eye View However, the probability is said to be high, and brings an equally high price tag. The Apple Car wants to use LiDAR, and it’s seriously considering Luminar as its provider, although it’s also still courting offers from other potential vendors. It wasn’t fully confirmed, but Bloomberg cited several people familiar with the matter. With Apple potentially as a client, is Luminar Technologies stock a Buy? Because of that, the computer giant needs to source parts from vendors, and Luminar is a leading LiDAR maker. Luminar Technologies Inc ( NASDAQ:LAZR) gained media buzz on the announcement that Apple ( NASDAQ:AAPL) wants to build a self-driving electric vehicle.
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