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Maybe this is what you say, when you’re CLOSE to being de-listed? Maybe acquisition target? Even if they didn’t use them/it, they could probably sell the tech to someone else for more $$.Whale whale whale
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“This isn’t the first time that they’ve (Tesla) ordered lidars from us, but I would say its been more lumpy than recurring,” said Luminar CFO Tom Fennimore on the company’s earnings call Tuesday. “What exactly they’re doing with them, we can only speculate.”Maybe this is what you say, when you’re CLOSE to being de-listed? Maybe acquisition target? Even if they didn’t use them/it, they could probably sell the tech to someone else for more $$.
Bonus: the mother of all wedgesGood example of how falling wedge plays out
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Now apply it to this big one
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Tesla has been known to put LIDAR on test vehicles to verify ground truth of what their "normal" sensors are doing--- basically seeing how well their vision stack is estimating speed/distance compared to what LIDAR measures.
I can't imagine how they'd possibly need >2.1 million dollars worth of such sensors in a single quarter though....that'd be a couple thousand sensors... seems way too many for ground-truth-testing, but not remotely enough for any useful "deployment" of anything.
Explains the rather ugly looking pre-market... maybe I'll stick with the -c175's again... Pfff
[160] by end of May
I see it trading in the 920-770 range until August when it'll break out.