![]() ![]() The uproar got so bad that Luminar CFO published a blog, addressing some of the “misconceptions.” I won’t call any of the mudslinging as I saw it with my own eyes with Google Search versus the world. Does Volvo and Mercedes want “cheapest and later” or the “best and now” when it comes to the safety of its passengers? I will let you decide. What people need to better understand is that these early contracts for LiDAR are longer term contracts, some up to 15 years in length with pricing already pre-determined over that timeframe. Companies like NVIDIA and Qualcomm are just moving to the next new technology as we saw with Generative AI and 6G. Then as the market matures, the lower-cost competitors come in and fill in the gaps. ![]() Look at Qualcomm in the early days of 5G- premium. Look at the pricing premium NVIDIA still gets for its AI training chips. I had a real job for over 20 years in product management, product marketing and corporate strategy and let me tell you, if you are early, you do get a pricing premium over the other competitors, especially if your feature set are better and you can actually manufacture the product. The downgrade thesis appears to be one of questioning the ability of early-market premium pricing and valuation premiums. Then, one of 12 sell-side analysts downgraded the stock while most maintained “heavyweight” ratings from FactSet. Its competitors noticed and appeared visibly upset as they publicly took pot shots at Luminar. The stock was up 94% from customer announcements after its recent investor day. I am not a financial analyst, but rather a technology industry analyst, but even from my vantage point, Luminar isn’t getting the credit it deserves. I am seeing some similar activity regarding Luminar. ![]()
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