![]() ![]() Luminar didn't disclose the expected production volumes, but the company did describe it as a "multibillion dollar" expansion of the earlier deal, and a Luminar spokesperson told CNBC that this new deal is "more than an order of magnitude bigger" than last year's deal with Mercedes-Benz. "Next, we want to implement advanced automated driving features in a broader scale within our portfolio." Following today’s Luminar Day event, the company said it intends to post its Q4 and full 2022 financial results including a business outlook for 2023 (as if all of today’s news wasn’t enough). "In a first step, we have introduced a Level 3 system in our top-line models," said Markus Schäfer, Mercedes-Benz's chief technology officer, referring to last year's deal with Luminar. The deal builds on one announced by the two companies in January 2022, in which Mercedes-Benz said it would incorporate Luminar lidar in upcoming high-end models. ![]() "Mercedes' standards for vehicle safety and performance are among the highest in the industry, and their decision to double down on Luminar reinforces that commitment." "We are now set to enable the broadest scale deployment of this technology in the industry," Luminar CEO Austin Russell said. Luminar and Airbus will develop and test how lidar can be used to enhance sensing, perception and system-level capabilities to ultimately enable safe, autonomous flight, the companies said. Track Luminar Technologies Inc (LAZR) Stock Price, Quote, latest community messages, chart, news and other stock related information. Luminar Technologies ( LAZR) CEO Austin Russell disclosed purchasing 7.57 million of his own company. Luminar's shares jumped more than 25% following the announcement. Luminar, a company that develops lidar sensors for use in self-driving cars, has seen its stock decline by over 40 year-to-date and currently trades at levels of about 18 per share. By Eddie Pan, InvestorPlace Financial News Writer May 17, 2023, 1:08 pm EDT. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Semiconductor pioneer Nvidia ( NVDA 0.95) held its virtual GPU Technology Conference (GTC) this week, and good news for Luminar was announced there on Monday. This suggests a possible upside of 77.7 from the stocks current price. ![]() On average, they expect the companys stock price to reach 12.42 in the next year. Their LAZR share price forecasts range from 4.50 to 20.00. Best Debt Consolidation Loans for Bad Credit 8 brokerages have issued 12-month price objectives for Luminar Technologies stock. ![]()
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