Connect with us

Hi, what are you looking for?

Webinar Expert TeamWebinar Expert Team

Tech News

Tesla bought over $2 million worth of lidar sensors from Luminar this year

Luminar laser sensor vehicle
EMBARGO: June 15, 2021, 10:30am ET | Image: Andrew J. Hawkins / The Verge

Elon Musk doesn’t like lidar, the laser sensor that powers many companies’ self-driving ambitions. He previously called it a “crutch” and said any company that relies on lidar for its autonomous capabilities was “doomed.”

Well, apparently Tesla is stocking up on crutches.

In its quarterly earnings report released today, Orlando-based lidar manufacturer Luminar disclosed that Tesla was its “largest LiDAR customer in Q1,” comprising more than 10 percent of the company’s revenue for the quarter. That translates to around $2.1 million worth of lidar, based on Luminar’s $21 million in revenue for the quarter.

In fact, Tesla bought so much lidar from Luminar, it helped offset a quarter-over-quarter drop in…

Continue reading…

You May Also Like

Editor's Pick

In the truncated week, the markets largely wore a corrective look as the key indices lost ground during the week. In the previous technical...

Editor's Pick

Walter Olson Two legal developments in the prosecutions of of former President Donald Trump have understandably commanded widespread attention in recent days, the start...

Editor's Pick

Good morning and welcome to this week’s Flight Path. The equity “Go” trend is over. We saw a pink “NoGo” bar following an amber “Go Fish”...

Editor's Pick

Colleen Hroncich Like many education entrepreneurs, Nicolette Siebert is a mom who was a classroom teacher before she created her own learning community. Her son started...

Copyright © 2024 WebinarExpertTeam.com All Rights Reserved.