![]() Luminar’s stock is up 40% already since its IPO. The total addressable market of smart cars and smart drones and robots using the tech will be enormous in the 2030s and 2040s. Carmakers are expected to begin offering lidar as an advanced option for their vehicles in the next few years to enable better driver-assistance technology. Luminar has emerged as one of the leading companies in the fast-growing lidar industry. Remember LiDAR will be key for robots, not just smart cars. Weird that thanks to Thiel America might have a great LiDAR business. Russell was at Stanford University studying physics, but dropped out and received a Thiel Fellowship, created by tech icon and PayPal co-founder Peter Thiel to provide tech talent with alternatives to traditional education programs. Anything goes in 2020, it’s the middle of a pandemic. Which is shady, if it wasn’t that it’s 2020. Luminar used a special purpose acquisition company to avoid a traditional IPO. But who will win the LiDAR tech race? That is a question for good stock pickers. Tesla in the long run likely won’t win the EV market, it will be too competitive with too many players. Elon Musk says lidar is not needed for self-driving, but Luminar has a $1 billion-plus book of business and relationships with major automakers. The lidar sensing technology company works with major automakers as well as Intel’s Mobileye. Luminar though so far has the better partnerships. LiDAR is very real and the dominant tech for self-driving cars that need these lasers to “see” around. This isn’t Nikola, it’s not a pipe dream. Russel founded Luminar in 2012 when he was just a teenager, leaving Stanford University to focus on his company. It’s not rational, it’s just a speculative era of the rebound. Don’t trust the SPACs is really the moral of the story of 2020, when the market is overvalued and when IPOs are doing incredibly just because of the sheer amount of liquidity heading into the stock market. Luminar CEO and co-founder Austin Russell was poised to become a billionaire at 25 when his autonomous driving technology company Luminar went public on Thursday, December 3rd, 2020.īut is Luminar a better company than Veloydne? That remains to be seen. That’s not going to stop Austin Russel, the genius 25 year old billionaire. The stock market is still suffering from Tesla hype. Conclusion? $LAZR and $VLDR are likely undervalued while most EV stocks are way overvalued. The total addressable market for self-driving cars will be enormous and there are far fewer LiDAR companies than there are EV startups.
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