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Luminar Shares Soar After Viral Test-Drive Video Featuring Lidar Technology [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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lidar technology in a YouTube video and said it outperformed Tesla Inc.'s Autopilot feature. Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress Saving the Signature Sound of Washington, DC In the video, which has drawn more than 11 million viewers since it was published to YouTube on March 15, Rober runs six tests assessing the lidar technology against Tesla's system, which he said navigates using only “simple cameras” and image processing. Luminar shares soared as much as 29% on Monday, their biggest gain in two months. Tesla shares, meanwhile, fell as much as 6.9%, underperforming both the S&P 500 and Nasdaq 100 indexes. A representative for Luminar declined to comment, while a representative for Tesla didn't respond to Bloomberg News' request for comment. Rober, who's
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