Luminar Technologies, Inc. (9FS.F)
- Simply Wall St.
Luminar Technologies First Quarter 2024 Earnings: US$0.30 loss per share (vs US$0.40 loss in 1Q 2023)
Luminar Technologies ( NASDAQ:LAZR ) First Quarter 2024 Results Key Financial Results Revenue: US$21.0m (up 45% from 1Q...
- Benzinga
Tesla Surprisingly Becomes Luminar's Largest Lidar Customer, Contradicting Musk's Past Criticism
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has described lidar sensors as a “crutch” for autonomous vehicles. Yet Tesla has become the largest customer of lidar manufacturer Luminar Technologies, Inc. (NASDAQ:LAZR). As disclosed in Luminar’s earnings report on Tuesday, in the first quarter of 2024, Tesla contributed over 10% of Luminar’s revenue, totaling more than $2 million. Luminar’s revenue decreased 5% from the fourth quarter of 2023, primarily due to reduced sensor sales to non-automotive cust
- Reuters
Luminar says Tesla is biggest customer for its lidar sensors
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
