Autonomous driving will boost the share price of companies focusing on the software. Luminar is one of them. Furthermore Mercedes has invested stakes in Luminar too.
Musk's Bets on Tesla: No Human Drivers This Year, Robots Next
What goes down will go upMajority of the sectors are down as rates hike starts to sink in and yield starts going up.Correction and shorting are happening. It will take time to become green again. Hold on tight. But ultimately things will go to green again.
Quoted from CNA- BEIJING: China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed.
$Luminar Technologies, Inc.(LAZR)$Polestar financials stated Luminar, Nvidia astheir autonomous driving partners. I supposeLAZR is the one they are referring to?
They need to compete existing fleet of cabs,Gojek, and in future they need to refresh their cars to EVs. Many factors to consider. Yes there could me potential but this price is still too high for me.