To put that in perspective, the company’s daily average trading volume is closer to 6.3 million shares. As of this writing, more than 22 million shares of the company’s stock have been traded. Investors are also excited about the Mercedes-Benz deal as LAZR stock sees heavy trading today. That will allow it to meet the demand needed to supply Mercedes-Benz with its technology. Luminar Technologies notes that its Iris lidar technology is currently undergoing preparation for series production.
Mercedes-Benz has always been a technological leader and first mover for the industry, with the brand synonymous with automotive innovation, safety, luxury, and quality.”ħ Best Mutual Funds to Buy for the Coming Rate Hikes
“This partnership is a landmark moment in the industry, demonstrating how substantially increased safety and autonomous driving functions on consumer vehicles are going from sci-fi to mainstream.
