Ethan Miller
Huge growth ahead, but path to profitability is tough…
Luminar Technologies, Inc. (NASDAQ:LAZR) is about to embark on serial production of its Lidar devices. As presented in the recently held 1st Luminar Day, the company is
Luminar Technologies: Don't See Any Upside Here
Summary
- Luminar Technologies, Inc. has made commercial agreements with the likes of Volvo and Mercedes Benz and is getting ready to start serial production.
- Its order book has grown significantly to $3.4B and may grow by another $1B in 2023.
- I find Luminar’s stock to be way overpriced with all the upside potential already baked in.
- With the risks of technology adoption and a competitive playing field, it is best to stay clear of Luminar Technologies, Inc. stock at the current price.
A 20 year senior supply chain and operations executive leader, turned full-time individual investor. Heavily focused on intrinsic valuation to find long-term multi-baggers.
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