- Autonomous vehicles will be a major megatrend over the next few decades, and Velodyne Lidar is leading this revolution.
- Velodyne has strong competitive advantages like a built-out manufacturing system and architecture that allows for automated mass production.
- A substantial amount of Velodyne's projected revenue is already contracted and it has a substantial pipeline, making us confident in the company.
- A competitor, Luminar, trades at a higher EV than Velodyne despite far lower revenues. Velodyne overall trades at a conservative valuation.
For further details see:
Velodyne Lidar: The Forefront Of A Megatrend In LIDAR