Can Tesla Save Luminar (LAZR) Stock?
LAZRLuminar Technologies(LAZR) InvestorPlace·2024-05-08 23:14

Luminar (NASDAQ:LAZR) stock is up on Wednesday as investors look to Tesla (NASDAQ:TSLA) as its savior during its latest earnings report. The lidar company’s earnings report for the first quarter of 2024 notes that electric vehicle maker (EV) Tesla is its largest customer. That resulted in Tesla orders making up more than $2 million, or roughly 10%, of the company’s revenue. While the details of the relationship between Luminar and Tesla haven’t been revealed, the two companies have been working together sin ...