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Elon Musk Says Robotaxis Don't Need Lidar – As Tesla Buys Them From Luminar [Forbes]

Tesla, Inc. (TSLA)  More Company Research Source: Forbes
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla CEO Elon Musk speaks at the Milken Conference in Beverly Hills, California, on May 6. As Elon Musk doubles down on plans to turn Tesla into a robotaxi powerhouse, he's maintained that cameras are the only sensors self-driving vehicles need, adamantly shunning the use of laser lidar that's standard gear for autonomous cars and trucks operated by Waymo and other companies. But that hasn't prevented the electric carmaker from buying lots of the high-tech 3D imaging devices this year. Though Tesla's impulsive billionaire has likened lidar to useless organs such as the human appendix and said companies using them are “ ,” Luminar revealed on Tuesday that during the first quarter, Tesla's purchases of the devices were a key driver of revenue. The Orlando-based company said first-quarter revenue rose 45% from a year ago to $21 million, in line with its guidance. And though lidar sales to nonautomotive customers declined in the quarter, “this was offset by sensor sales to Tesla,” [Read more]
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Stockreport

Elon Musk Says Robotaxis Don't Need Lidar – As Tesla Buys Them From Luminar [Forbes]

Tesla, Inc.  (TSLA) 
More Company Research Source: Forbes
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla CEO Elon Musk speaks at the Milken Conference in Beverly Hills, California, on May 6. As Elon Musk doubles down on plans to turn Tesla into a robotaxi powerhouse, he's maintained that cameras are the only sensors self-driving vehicles need, adamantly shunning the use of laser lidar that's standard gear for autonomous cars and trucks operated by Waymo and other companies. But that hasn't prevented the electric carmaker from buying lots of the high-tech 3D imaging devices this year. Though Tesla's impulsive billionaire has likened lidar to useless organs such as the human appendix and said companies using them are “ ,” Luminar revealed on Tuesday that during the first quarter, Tesla's purchases of the devices were a key driver of revenue. The Orlando-based company said first-quarter revenue rose 45% from a year ago to $21 million, in line with its guidance. And though lidar sales to nonautomotive customers declined in the quarter, “this was offset by sensor sales to Tesla,” [Read more]
IMPACT SNAPSHOT
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TSLA
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Multi-day stock performance from the time of the news release
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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