![]() ![]() Both SPACs and EVs are becoming symbiotic for this very reason. Demand for EVs is skyrocketing, and climate change is front and center of the national debate in several countries. Several EV startups merged with SPACs and made their debuts to massive gains. Last year saw an interesting trend emerge. LAZR Stock Is a Curveball Way To Invest in the EV Space However, shares need to cool down before you would want to buy in as they are trading at steep multiples. ![]() That makes LAZR stock an exciting opportunity for anyone looking to play the space. In comparison, the highest-end automotive lidar systems manufactured by Velodyne cost $75,000. ![]() Luminar plans to bring the prices of its sensors down under $1,000. And we also have Collective Growth (NASDAQ: CGRO), which has had a similar journey as Luminar.Īll of these lidar stocks are doing exceptionally well because of the promising technology at the heart of these companies. It’s not the only company out there manufacturing these types of sensors. Lidar uses a laser to sense and measure distances. The company specializes in lidar, which is light detection and ranging technology, sensors and other components that will make autonomous driving more viable. LAZR stock’s three-month surge handily outpaced the S&P 500 Index and the Dow Jones Industrial Average. At closing, the combined entity had an equity value of $3.4 billion and an implied enterprise value of almost $2.9 billion. LAZR stock, in particular, is doing exceptionally since going public through a “reverse merger” with special purpose acquisition company (SPAC) Gores Metropoulos. ![]()
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