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Benzinga
Benzinga
Business
Badar Shaikh

Tesla CEO Elon Musk Once Called LiDAR 'Fool's Errand' — Volvo Now Pulls Plug On Luminar Partnership: LAZR Stock Hits All-Time Low

Elon Musk, founder and CEO and of SpaceX, at VIVA Technology

As Swedish automaker Volvo pulls out of its partnership with Luminar Technologies Inc. (NASDAQ:LAZR), are Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's bearish views on LiDAR technology finally vindicated?

Volvo To Not Offer LiDAR in 2026

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