Tag: Luminars

Tesla Surprisingly Becomes Luminar’s Largest Lidar Customer, Contradicting Musk’s Past Criticism

Tesla Surprisingly Becomes Luminar’s Largest Lidar Customer, Contradicting Musk’s Past Criticism Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has described lidar sensors as a “crutch” for autonomous vehicles. Yet Tesla has become the largest customer of lidar manufacturer Luminar Technologies, Inc. (NASDAQ:LAZR). As disclosed in Luminar’s earnings report on Tuesday, in the first quarter of 2024, Tesla contributed over 10% […]

Tesla is Luminar’s largest lidar customer

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker’s top customer. Tesla accounted for “more than 10%” of Luminar’s revenue in the first quarter of 2024, or a little more than $2 million, the […]