Luminar: Focus On Progress, Not Volvo Delays
- Luminar Technologies, Inc. faces production start delays at a key partner that limited revenue ramp in 2023.
- The Lidar company was hit by multiple project delays in the last quarter, contributing to a Q3 2023 miss, though revenues should surge in Q4.
- The stock trades at a massive discount to the order book with a market cap of only $1.2 billion, making Luminar stock a speculative buy.
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