
In the fast-evolving LiDAR space — the backbone of autonomous driving — Luminar Technologies (LAZR) is one of the frontrunners. Its high-performance LiDAR powers Volvo’s ((VLVLY) EX90 and ES90, marking the first standard integration in a production vehicle, while partnerships with Nissan (NSANY) and Mercedes-Benz (MBGYY) underscore its strong foothold among automakers.
But when LAZR stock spiked 19% last Wednesday on unusually heavy volume — without a single press release or filing to explain it — investors smelled something else: A short squeeze.