lidar

Quantum Computing Inc. (NASDAQ:QUBT) shares are trading lower on Wednesday. The firm announced a new subcontract to develop a breakthrough quantum computing solution that will improve NASA’s ability to analyze atmospheric data. The project, with a potential value of $406,478, will support...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down on his longtime skepticism of LiDAR technology on Thursday following the videos of YouTubers testing his EV vehicles against a ‘Wile E. Coyote' fake wall challenge. What Happened: Musk took to X, formerly Twitter, to repeat a key pillar of Tesla's...

Hesai Group – ADR (NASDAQ:HSAI) shares are trading higher Tuesday after the company secured a multi-year deal with Mercedes-Benz to supply Lidar sensors. What Happened: Mercedes-Benz is set to develop smart cars equipped with Hesai’s lidar sensors, according to Reuters. A person with...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reiterated his criticism of LiDAR on Wednesday but explained that he is not fundamentally against the technology. What Happened: “Obviously, humans drive without shooting lasers out of their eyes. I mean, unless you’re Superman…. humans drive...

Luminar Technologies Inc (NASDAQ:LAZR) provided a business update for the third quarter after the bell on Monday. Here’s a look at what you need to know. What Happened: Luminar said it continues to meet all key deliverables for the Volvo EX90 production ramp. The lidar company said it shipped...

Shares of Luminar Technologies Inc (NASDAQ: LAZR) were tanking in early trading on Wednesday. Volume forecasts for the company have been reduced meaningfully to reflect model launch delays and lower expectations for vehicles adopting the LIDAR technology, according to BofA Securities. The Luminar...

Ouster, Inc. (NYSE: OUST) shares traded higher on Tuesday. The company has rallied recently, here's what you need to know. What To Know: Ouster stock has trended higher since November. One of the main highlights during the past two months was the company's third-quarter earnings report in...

A supplier of Nio Inc (NYSE:NIO) has partnered with auto glass company Fuyao Group to make Lidars that can be installed behind the windshield of a vehicle, eliminating any unsightly issues associated with roof-mounted Lidars. What Happened: Innovusion and Fuyao are basing their initial...

Automotive technology company Luminar Technologies Inc (NASDAQ:LAZR) on Thursday announced a new manufacturing facility in Mexico aimed at boosting sensor production. What Happened: Luminar’s new facility in Monterrey is spread across 118,000 square feet and will have an initial capacity of...

One of the themes of the last two years has been a growing number of lidar technology companies going public — many chose the SPAC route. A hedge fund is now taking on one of those companies and shared with Benzinga exactly why. What Happened: Hedge fund Citron Research, which is headed...

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk is no fan of lidar, and in the past he has minced no words in expressing his dislike for the autonomous driving technology. What Happened: Musk returned to lidar bashing yet again last week. The Tesla CEO said lidar is a "seductive local maximum...

Shares of a leading lidar company are soaring after market close Monday, after reporting the purchase of warrants by ecommerce leader Amazon.com Inc (NASDAQ: AMZN). What Happened: Velodyne Lidar Inc (NASDAQ: VLDR) said in an 8K filing that Amazon has acquired 39,594,032 warrants good for the...

The Consumer Electronics Show (CES) in Las Vegas will be one of the most followed events of 2022 to kick off the year in the technology space. The show may come in with a lower impact than originally forecasted, with many companies opting out of the in-person event and doing virtual...

Technology giant Apple Inc (NASDAQ: AAPL) continues to push further with its ambitions to enter the automotive market. The company plans on pursuing vehicles, with a heavy focus on autonomous driving. One stock could have an inside track at becoming a supplier for Apple vehicles. What Happened:...

One of the top names in SPACs announced a ninth SPAC merger this week. The Gores Group led by chairman Alec Gores and CEO Mark Stone announced the deal between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar. Since 2016, The Gores Group has announced nine deals valuing the...