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Tesla bought over $2 million worth of lidar sensors from Luminar this year [Verge, The]

Tesla, Inc. (TSLA)  More Company Research Source: Verge, The
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk previously dismissed the laser sensor as a ‘crutch' and said that any company relying on lidar to power self-driving was ‘doomed.' Share this story Elon Musk doesn't like lidar, the laser sensor that powers many companies' self-driving ambitions. He previously called it a “crutch” and said any company that relies on lidar for its autonomous capabilities was “doomed.” Well, apparently Tesla is stocking up on crutches. In its quarterly earnings report released today , Orlando-based lidar manufacturer Luminar disclosed that Tesla was its “largest LiDAR customer in Q1,” comprising more than 10 percent of the company's revenue for the quarter. That translates to around $2.1 million worth of lidar, based on Luminar's $21 million in revenue for the quarter. Tesla is stocking up on crutches In fact, Tesla bought so much lidar from Luminar, it helped offset a quarter-over-quarter drop in revenue , driven by a lower volume of sensors to non-automotive companies. Tesla to [Read more]
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Stockreport

Tesla bought over $2 million worth of lidar sensors from Luminar this year [Verge, The]

Tesla, Inc.  (TSLA) 
More Company Research Source: Verge, The
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk previously dismissed the laser sensor as a ‘crutch' and said that any company relying on lidar to power self-driving was ‘doomed.' Share this story Elon Musk doesn't like lidar, the laser sensor that powers many companies' self-driving ambitions. He previously called it a “crutch” and said any company that relies on lidar for its autonomous capabilities was “doomed.” Well, apparently Tesla is stocking up on crutches. In its quarterly earnings report released today , Orlando-based lidar manufacturer Luminar disclosed that Tesla was its “largest LiDAR customer in Q1,” comprising more than 10 percent of the company's revenue for the quarter. That translates to around $2.1 million worth of lidar, based on Luminar's $21 million in revenue for the quarter. Tesla is stocking up on crutches In fact, Tesla bought so much lidar from Luminar, it helped offset a quarter-over-quarter drop in revenue , driven by a lower volume of sensors to non-automotive companies. Tesla to [Read more]
IMPACT SNAPSHOT
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TSLA
Last Price
Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
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Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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