Samlunch
05-10

$Luminar Technologies, Inc.(LAZR)$ 

Tesla was Luminar's largest customer in Q1 contributing $2m to their topline. 

This is peanuts on the scale of Tesla's capex spend. 

Elon Musk reveals that they were purchased to verify and train their AI model with ground distance truth data, but are no longer needed for that purpose anymore.

Do not expect Tesla to buy any more LIDAR sensors from them. This stock is a clear short from today. Expect to see their next earnings bomb. 

Will You Buy Tesla/Nvidia Concept Stocks?
SoundHound AI surged over 15% after Q1 revenue surpassed market expectations of $10.097 million. Luminar jumped 19% on Wednesday as investors see Tesla as its key supporter during its latest earnings report. In addition, the ETF NVDL that tracks Nvidia performance also rises more than the stock. -------------------------- Rising more than Tesla and Nvidia, will you buy the stocks picked by two giants? Will you trade related ETFs?
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