Tesla's financial disclosures

Tesla, Despite Musk's Skepticism, Buys $2M in Lidar Sensors from Luminar

May 7, 2024, 11:06 PM

Tesla, despite CEO Elon Musk's public skepticism about lidar technology, has emerged as Luminar's largest customer, purchasing over $2 million worth of lidar sensors this year. The sensors are reportedly used to gather ground truth training data for Tesla's pure vision system. Luminar's CFO, Tom Fennimore, noted that Tesla's purchases have been sporadic rather than regular, and the exact purpose of these sensors remains speculative.