Luminar Technologies Surged Today on Potential Trade Protections
LAZRLuminar Technologies(LAZR) The Motley Fool·2024-09-25 04:52

Can trade protections save the company? Shares of Luminar Technologies (LAZR 14.06%) jumped as much as 17.9% in trading on Tuesday after news broke that the Biden administration proposed new restrictions on Russian and Chinese vehicle software. Shares are up 15.4% near the close of the trading day. New protections in the auto business The U.S. Department of Commerce has proposed banning vehicle software that comes from China or Russia, as well as the hardware that could enable autonomous driving. This could ...