Revenues and earnings are largely non-existent (for now) - a combination that’s catnip for short sellers. In the meantime, every lidar company is operating at a loss while working hard to scale manufacturing. Like any technology that relies on network processing and optics, the cost of lidar sensors needs to come down before we see viable commercial adoption. In fact, the whole group is skidding, with previous high-flyers like Luminar and Innoviz down more than 50% year-to-date (YTD). If we listen to what the market’s telling us, it’s way too early for lidar stocks. But with that electric vehicle (EV) giant now reeling from a recent safety probe, lidar companies have leveraged the opportunity to show just how their tech can avoid accidents. In fact, the technology has already been chosen by almost every major car manufacturer except for one: Tesla (NASDAQ: TSLA). IAA is just the latest happening to bring lidar stocks to the forefront.Īs frequent InvestorPlace readers may know, I’m excited about lidar as a potential game-changer in advancing autonomous driving (AD) and a dvanced driver-assistance systems ( ADAS). But what’s really getting everyone’s attention is what’s developing under the hood: automotive lidar (light d etection and ranging). This year’s event showcased mobility in general, from bikes to e-scooters to three- and four-wheeled vehicles. For investors interested in all things electric, IAA - one of the first major motor industry events since the pandemic - was a coming out party and source for the latest buzz. Germany’s biggest auto show, IAA Mobility, took place last week in Munich.
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