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.
Investment action
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Luminar Technologies: Still On Track To Meet FY30 Targets