Luminar's Wild Ride: Short Squeeze or Real Turnaround?

Luminar Technologies, a LiDAR leader for self-driving cars, saw its stock price skyrocket 19% in a day amid short squeeze rumors, despite mixed financials and a history of volatility. Is this a turning point or a temporary blip for the company, which is backed by Volvo, Nissan, and Mercedes-Benz? Investors are watching closely to see if Luminar can turn potential into profit amid cost-cutting efforts and analyst caution.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.