SAN FRANCISCO, May 7 (Reuters) - Luminar Technologies ( LAZR )
, a maker of lidar sensors for self-driving cars, said
on Tuesday that Tesla was the largest customer for its
sensors in the first quarter, accounting for more than 10% of
its total revenue of $21 million during the period.
Tesla's electric vehicles that are sold do not use lidars
and it is not clear where Tesla used the sensors. Tesla CEO Elon
Musk previously slammed rivals' use of the lidar sensors, which
he called "expensive appendices."
"Lidar is a fools' errand. And anyone relying on Lidar is
doomed," Musk said in 2019.
Lidar, which stands for light detection and ranging, shoots
out light pulses that are reflected off objects, allowing
self-driving systems and driver-assistance software to gain a
three-dimensional map of the road. Many self-driving companies
and experts regard it as a crucial component, especially during
low-light situations.
Tesla eliminated other sensors like radars and sound sensors
in recent years. It relies on cameras to detect objects for its
Autopilot or Full Self-Driving software, which does not make its
vehicles autonomous.
Photos of Tesla vehicles with lidar sensors on their roofs
were circulated on social media. Tesla in the past denied
speculation that it may use lidars as part of its Autopilot
system, saying, "We regularly test our own technologies against
other sensors to calibrate our camera, sonar and radar system."
Musk is betting big on self-driving cars, planning to unveil
a robotaxi in August. Rivals like GM's Cruise have scaled
back on investments in self-driving cars, hampered by heavy
investments and technological and regulatory challenges.
Luminar ( LAZR ) posted a loss of $10.46 million in the first
quarter. Its shares closed at $1.65 each on Tuesday, compared
with its peak of $41.80 in 2020.
The Florida-based company said last week it would cut its
workforce by about 20% and reduce in-house manufacturing as part
of restructuring plans.