$Luminar Technologies, Inc.(LAZR)$
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.
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