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Tesla is Luminar's largest lidar customer | TechCrunch

Tesla is Luminar's largest lidar customer | TechCrunch

Tesla CEO Elon Musk has. said that lidar sensors are a “crucible” for autonomous vehicles; But his company has bought so much from Luminar that Tesla is now the lidar-maker's top customer.

Tesla said the lidar-maker will receive “more than 10%,” or a little more than $2 million, of Luminar's revenue in the first quarter of 2024. revealed In its first quarter earnings report on Tuesday.

Luminar reported that its revenue fell 5% from the fourth quarter of 2023, which it attributed mostly to “lower sales of sensors to non-automotive customers.” The decrease was “offset by sensor sales to Tesla, which was our largest lead customer in Q1.” Luminar also noted a 45% year-over-year increase in revenue.

The company posted a net loss of $125.7 million in the first quarter, an improvement from the $146.7 million loss reported in the same period last year. Luminar said its net loss included sharp write-downs for equipment that would otherwise be abandoned.
For certain outsourcing operations initiated in the fall of 2023.

Luminar released its results just days after announcing its plans. 20% reduction in its workforce, In a restructuring that will see it outsource much of its lidar sensor production to grow the business.

Tesla has been, and has been, using lidar and other sensors on some of its test vehicles. Allegedly It was in partnership with Luminar until 2021. Details of the deal were never disclosed and Luminar did not say why it was sharing the information now. The new revelation comes months earlier than Tesla expected. Display a robot. On August 8

Musk has long argued that relying on Leather to help autonomous cars navigate the world is a “fool's errand.” They said At Tesla's “Autonomy Day” event in 2019, “Anyone who trusts lidar is doomed!”

“(They are) expensive sensors that are unnecessary,” he said at the time. “It's like a whole bunch of expensive appendages. Like, one appendix is ​​damaged, well now you have a whole bunch of them, it's funny, you see.

Of course, musk too said At the event in 2019, Tesla will launch a fleet of Robotex in just one year. It never happened. Instead, Musk is still buying crutches.

(Translation of tags) Automatic vehicles

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