lidar

Ouster, Inc. (NYSE: OUST) shares traded higher on Tuesday. The company has rallied recently, here's what you need to know. What To Know: Ouster stock has trended higher since November. One of the main highlights during the past two months was the company's third-quarter earnings report in...

A supplier of Nio Inc (NYSE:NIO) has partnered with auto glass company Fuyao Group to make Lidars that can be installed behind the windshield of a vehicle, eliminating any unsightly issues associated with roof-mounted Lidars. What Happened: Innovusion and Fuyao are basing their initial...

Automotive technology company Luminar Technologies Inc (NASDAQ:LAZR) on Thursday announced a new manufacturing facility in Mexico aimed at boosting sensor production. What Happened: Luminar’s new facility in Monterrey is spread across 118,000 square feet and will have an initial capacity of...

One of the themes of the last two years has been a growing number of lidar technology companies going public — many chose the SPAC route. A hedge fund is now taking on one of those companies and shared with Benzinga exactly why. What Happened: Hedge fund Citron Research, which is headed...

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk is no fan of lidar, and in the past he has minced no words in expressing his dislike for the autonomous driving technology. What Happened: Musk returned to lidar bashing yet again last week. The Tesla CEO said lidar is a "seductive local maximum...

Shares of a leading lidar company are soaring after market close Monday, after reporting the purchase of warrants by ecommerce leader Amazon.com Inc (NASDAQ: AMZN). What Happened: Velodyne Lidar Inc (NASDAQ: VLDR) said in an 8K filing that Amazon has acquired 39,594,032 warrants good for the...

The Consumer Electronics Show (CES) in Las Vegas will be one of the most followed events of 2022 to kick off the year in the technology space. The show may come in with a lower impact than originally forecasted, with many companies opting out of the in-person event and doing virtual...

Technology giant Apple Inc (NASDAQ: AAPL) continues to push further with its ambitions to enter the automotive market. The company plans on pursuing vehicles, with a heavy focus on autonomous driving. One stock could have an inside track at becoming a supplier for Apple vehicles. What Happened:...

One of the top names in SPACs announced a ninth SPAC merger this week. The Gores Group led by chairman Alec Gores and CEO Mark Stone announced the deal between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar. Since 2016, The Gores Group has announced nine deals valuing the...

Microvision Inc. (NASDAQ: MVIS) shares are trading higher Friday after retail traders were able to push it higher. On Wednesday, the company reported a second-quarter earnings loss of 9 cents per share, beating the estimate calling for a loss of 5 cents per share. Microvision was up 12.21% at $15....

Shares of MicroVision Inc. (NASDAQ: MVIS), an automotive lidar and micro-display technology company, surged over 15% in the extended trading session on Wednesday. What Happened: MicroVision on Wednesday reported better-than-expected results for the second quarter. The company’s second-quarter...

LiDAR sensor and 3D perception software company Quanergy is set to go public via special purpose acquisition company CITIC Capital Acquisition Corp (NYSE: CCAC) with a pro forma implied equity value of approximately $1.4 billion. Kevin Kennedy, chairman and CEO of Quanergy...

One of the biggest events for investors last week was the new additions to the Russell 3000 Index. The inclusion in the index means several ETFs have to add shares of the stocks as part of the rebalancing efforts. What Happened: There was a large number of additions to the Russell 3000 Index on...

LiDARcompany Quanergy is going public with a SPAC deal announced Tuesday. The SPAC Deal: Quanergy is merging with CITIC Capital Acquisition Corp (NYSE: CCAC) in a deal valuing the company at a pro forma equity value of $1.4 billion. The company expects the deal to close in the second half of 2021....

“SPACs Attack” co-hosts Mitch Hoch and Chris Katje shared some new investment ideas of SPACs and companies that had de-SPACd on their show Friday. Hoch’s SPAC Picks: Hoch encouraged viewers to start a shopping list of stocks they like so when there is a red day, people can...