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The Latest Breaking News from Luminar Technologies Inc

Tesla CEO Elon Musk Once Called LiDAR 'Fool's Errand' — Volvo Now Pulls Plug On Luminar Partnership: LAZR Stock Hits All-Time Low

As Swedish automaker Volvo pulls out of its partnership with Luminar Technologies Inc. (NASDAQ:LAZR), are Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's bearish views on LiDAR technology finally vindicated?

Luminar Technologies (LAZR) Stock Is Surging Monday: What's Going On?

Luminar Technologies (LAZR) Stock Is Surging Monday: What's Going On?

Shares of Luminar Technologies Inc (NASDAQ:LAZR) are trading higher Monday afternoon, recovering from a sharp sell-off on Friday. Here’s what investors need to know.

2 Auto Stocks to Buy This Week, 1 to Sell

2 Auto Stocks to Buy This Week, 1 to Sell

With the adoption of advanced technologies and the rising prominence of Electric Vehicles (EVs), the auto industry is well-positioned for the future. However, given the persistently challenging macroeconomic conditions, it might face some near-term issues. Thus, it could be wise to invest in American Axle & Manufacturing (AXL) and Miller…

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Steer Clear of These 4 Auto Stocks

Macroeconomic headwinds might cripple the auto industry’s revenue streams this year. Hence, fundamentally weak auto stocks Luminar Technologies (LAZR), Aeva Technologies (AEVA), Nuvve Holding (NVVE), and Siyata Mobile (SYTA) might be best avoided. Keep reading.

3 Auto Parts Stocks to Pay Attention to in 2023 and 1 to Avoid

While the Fed’s aggressive monetary policy has impacted the demand for new cars, the rapidly growing EV and used car market should enhance the growth of the auto parts industry. Hence, fundamentally strong auto parts stocks O’Reilly Automotive (ORLY), Bridgestone (BRDCY), and Garrett Motion (GTX) might be ideal additions to…

Now Isn’t the Time to Park Any Cash in This Stock

Auto technology company Luminar Technologies (LAZR) has reported wider losses for the last quarter. Despite management raising the company’s full-year revenue guidance, the stock is struggling to find support amid the current challenging market conditions. Hence, the stock might be best avoided now. Read on….

Don't Let Wall Street Steer You Into Buying This Auto Stock

LiDAR company Luminar Technologies (LAZR) has fallen more than 55% year-to-date. However, the company has witnessed unusual options activity lately, indicating bullish investor sentiment. Given the stock’s fundamental weakness, it may not be wise to follow Wall Street’s bullishness and buy the stock. Read on to learn our view.

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LAZR Stock: Buy Now at the Lows or Wait?

LAZR Stock: Buy Now at the Lows or Wait?

Luminar Technologies (LAZR) recorded significant growth in its total revenue for the second quarter ended June 2022. However, its bottom-line losses widened. The stock has declined almost 60% year-to-date and is trading near its 52-week low of $5.61. Let’s find out if you should buy LAZR at such lows or…

3 Auto Parts Stock to Buy and 1 to Sell Before September Ends

3 Auto Parts Stock to Buy and 1 to Sell Before September Ends

Although logistic disruptions and lingering macro issues might harm the auto parts industry in the short run, the industry’s long-term prospects look bright amid rapid technological advancement in automobiles and lucrative government initiatives. While quality auto parts stocks O'Reilly Automotive (ORLY), AutoZone (AZO), and Goodyear Tire & Rubber (GT) could…

3 Beaten-Down EV Supplier Stocks to Avoid This Fall

3 Beaten-Down EV Supplier Stocks to Avoid This Fall

Even though the market for electric vehicles (EVs) is growing, supply chain issues and a lack of EV charging stations are still holding it back. Moreover, rising geo-political conflicts might further deteriorate the supply chain. Therefore, beaten down and fundamentally-weak EV supplier stocks Wolfspeed (WOLF), Luminar (LAZR), and EVgo (EVGO)…

Luminar Technologies Joins Russell 2000 Index

Luminar Technologies Joins Russell 2000 Index

Luminar Technologies Inc (NASDAQ:LAZR) has officially joined the U.S. Russell 2000 Index, effective June 27, 2022. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About 30 million shares of Luminar's stock are expected to be purchased and held by…

2 Lidar Stocks That Will Double, According to Wall Street

2 Lidar Stocks That Will Double, According to Wall Street

With the increasing demand for advanced sensor technology from the automotive, healthcare, aerospace, and defense industries, the LiDAR industry is expected to thrive. So, Wall Street analysts believe LiDAR stocks Luminar Technologies (LAZR) and AEye (LIDR) have plenty of upside left.

Luminar Technologies Partners With ECARX For Advanced Safety Technologies

Luminar Technologies Partners With ECARX For Advanced Safety Technologies

Luminar Technologies Inc (NASDAQ:LAZR) has partnered with the mobility tech company ECARX to collaborate on automotive grade technologies. The partnership intends to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks. The arrangement is expected to strengthen Luminar's presence in China and help to deploy its…

Credit Suisse Gains Conviction On Luminar, Thanks To Volvo, Mercedes, Nvidia

Credit Suisse Gains Conviction On Luminar, Thanks To Volvo, Mercedes, Nvidia

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside). The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…

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Here's How Analysts View The Velodyne Lidar - Amazon Warrant Deal

Velodyne Lidar Inc (NASDAQ:VLDR) disclosed offering 40 million warrants at $4.18/share to Amazon.com Inc (NASDAQ:AMZN), with full vesting contingent on $200 million of sales from Amazon. Velodyne will issue a warrant to a subsidiary of Amazon to acquire up to 39.6 million shares. Amazon is a well-rumored customer, specifically for last-mile delivery applications. Craig-Hallum analyst Richard Shannon…

Here's Why Northland Sees Huge Upside In Luminar Tech

Northland analyst Gus Richard reiterated his Outperform rating and a $38 price target on Luminar Technologies Inc (NASDAQ: LAZR). The price target implies an upside of 175%.

Why Luminar Technologies Shares Are Ripping Higher Today

Luminar Technologies Inc (NASDAQ: LAZR) is trading higher Thursday after the company announced a partnership with Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars.

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