An unidentified bidder submitted a Hail Mary offer that was "substantially higher" than the winning bid at auction. Founder Austin Russell has been circling a bid, but it's not clear he was behind it.

The bid comes from Quantum Computing Inc., which already lined up to buy Luminar's semiconductor division. Luminar founder Austin Russell has also expressed interest.

Luminar's stock continues to fall, driven by large losses, a weak balance sheet, and uncertainty regarding the timing of an expected growth inflection. The company also faces intense competition, both ...

Luminar Technologies Inc (NASDAQ:LAZR) shares are trading higher Wednesday following the company’s first-quarter earnings results. Luminar also announced that Tesla Inc (NASDAQ:TSLA) was its biggest ...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has described lidar sensors as a “crutch” for autonomous vehicles. Yet Tesla has become the largest customer of lidar manufacturer Luminar Technologies, Inc.

The company, which makes laser sensors for autonomous driving, says it will transition to an ‘asset light’ model that involves outsourcing manufacturing to other companies. The company, which makes ...

Luminar's solid-state LiDAR technology offers high-resolution, long-range capabilities, but faces significant competition from other LiDAR vendors and alternative sensors like cameras and imaging ...

Luminar Technologies (LAZR) surged forward in Q1 2025 with a robust update to its strategic roadmap and a strong quarter of operational performance. The company announced a new unified product ...