Should You Buy Luminar Technologies Stock While It's Below $11?
At the heart of many of those systems are vision-based light detection and ranging (lidar) sensors that provide a comprehensive 360-degree map of their environment. The technology could play a crucial role in developing safe and reliable self-driving cars capable of accurately identifying and locating the objects around them. Luminar Technologies (NASDAQ: LAZR) is developing such a technology, and it could help reshape the automotive industry if it's successful.