Luminar Technologies, Inc. - Class A Common Stock (LAZR)
7.0800
+0.8000 (12.74%)
Luminar Technologies is a pioneering company focused on advancing the development of cutting-edge lidar technology that enhances vehicle safety and autonomy
By creating high-performance sensor systems, Luminar enables self-driving cars to better perceive their surroundings with precision and reliability. The company aims to revolutionize the automotive industry by providing advanced sensing solutions that support the transition to safer and more efficient transportation systems. Through partnerships with automotive manufacturers and technology developers, Luminar is at the forefront of making autonomous driving a reality.
Sentiment was buoyed by the CEO's remarks on transitioning key customers to its next-generation lidar technology, securing new contracts and expectations for lidar shipments to at least triple this year.
Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the fourth quarter and full year of 2024. These results and related commentary were published in a Presentation available on its Investor Relations website at https://investors.luminartech.com.
Luminar Technologies Inc (NASDAQ:LAZR) shares are trading higher Tuesday on what appears to be continued momentum after the company's lidar technology was featured in a video from a prominent YouTuber.
The stock market experienced a notable rise on Friday, with the S&P 500 gaining over 0.65% to 5,675.12 and the Nasdaq Composite climbing 0.3% to 17,808.66.
Former NASA engineer and YouTuber Mark Rober pitted Tesla Inc's (NASDAQ:TSLA) Autopilot system against a lidar system from Luminar Technologies Inc (NASDAQ:LAZR) in his latest video. Although the road conditions were terrible, the results were clear, but there's a catch.
Luminar (Nasdaq: LAZR), a leading global automotive technology company announced that Luminar’s technology will be equipped in the new Volvo ES90, which is slated for production this year. This marks the second Volvo car model to feature Luminar’s technology, following the successful launch of the automaker’s flagship SUV, the Volvo EX90, which is now being delivered to customers.
Robotaxis are on their way as the new administration will accelerate their arrival, but these autonomous vehicles need key components to operate smoothly.
Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update, including full-year 2024 milestones and financials, following the close of the market on Thursday, March 20, 2025.
The most expensive home in California's Pacific Palisades, owned by Luminar Technologies CEO Austin Russell, has been ravaged by the ongoing Los Angeles wildfires.
Luminar Technologies will likely face stiff competition in 2025. It may have to dilute its shareholders further in the coming year. Luminar stock is already down more than 85% year-to-date.
