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LAZR - Luminar Technologies: Still On Track To Meet FY30 Targets
Luminar Technologies Inc.
2024-04-02 01:07:43 ET
Summary
LAZR's share price weakness presents an attractive entry point for investors, as the focus on overall EV production has overshadowed LAZR's strong execution.
LAZR has achieved key milestones for FY23, including production ramp-up with Volvo and passing initial production audits, indicating its ability to execute.
Although the order book fell short of the original target, LAZR has outperformed on a like-for-like basis, and its cash flow situation is expected to improve with upcoming production and a new credit line.