There are five levels of driver-assistance technologies levels before the third are more dependent on human supervision. Chatterjee believes Luminar (ticker: LAZR) will exit 2030 with the strongest revenue among its peers given the company’s focus on so-called Level 3-plus applications. Morgan analysts have made their decision when it comes to the winner for the next decade. Lidar is particularly good at tracking objects a long distance away.ĭebate about what Lidar is best is rife within the automotive industry, but J.P. Both companies sell Lidar, or light detection and ranging technology, which auto makers use to give cars, essentially, the eyes they need for autonomous driving features. In a research note beginning coverage of the stocks, analyst Samik Chatterjee and his team rated Luminar at Overweight, equivalent to a Buy rating, giving Velodyne shares a rating of Underweight, or Sell. Here, a photo of a Luminar Lidar-based sensor on a test vehicle. Luminar's stock is forecast to reach $30 by December 2023. Both companies sell Lidar, or light detection and ranging technology, which auto makers use to give cars, essentially, the eyes.
(“Gores”), and subsequently distributed to certain equityholders of the Sponsor, (ii) 42,064,871 shares of Class A Stock issued pursuant to the Merger Agreement (as defined in the Prospectus), (iii) 6,666,666 shares of Class A Stock issuable upon the exercise of 6,666,666 warrants (the “Private Warrants”) originally issued in a private placement to the Sponsor in connection with the IPO at an exercise price of $11.50 per share of Class A Stock and subsequently distributed to certain equityholders of the Sponsor, (iv) 105,118,203 Executive Shares (as defined in the Prospectus), (v) up to 3,944,151 Earn-Out Shares (as defined in the Prospectus) that may be issued in the form of Class A Stock pursuant to the earn-out provisions in the Merger Agreement, (vi) up 10,455,134 shares of Class A Stock that may be issued or issuable upon the conversion of any Earn-Out Shares that may be issued in the form of our Class B common stock, par value $0.0001 per share (“Class B Stock”) pursuant to the earn-out provisions in the Merger Agreement, and (vii) up to 2,998,805 shares of Class A Stock issuable upon the exercise of outstanding Rollover Options (as defined in the Prospectus) to purchase shares of Class A Stock, and (B) up to 6,666,666 Private Warrants.The autonomous vehicle tech firm Luminar Technologies will likely be the largest pure-play supplier of radar for self-driving cars, while Velodyne Lidar may miss out, analysts at J.P.
The Prospectus and this prospectus supplement relates to the offer and sale from time to time by the selling securityholders named in the Prospectus (the “Selling Securityholders”) of up to (A) 181,247,830 shares of our Class A common stock, par value $0.0001 per share (“Class A Stock”), which consists of (i) 10,000,000 shares of Class A Stock (the “Founder Shares”) originally issued in a private placement to Gores Metropoulos Sponsor LLC (the “Sponsor”) in connection with the initial public offering (the “IPO”) of Gores Metropoulos, Inc.
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