Strongest interference-proof technology (Luminar’s sensors boast zero interference from sunlight and other LiDAR, whereas most other LiDAR sensors struggle with blocking out that interference).Įqually as important, Luminar has figured out a way to streamline and scale manufacturing of these LiDAR sensors so that they are the lowest-cost high-performance LiDAR in market, with costs coming in at under $1,000 per vehicle (a feat no other LiDAR maker has yet achieved).Best weather resilience (Luminar’s sensors perform nearly as well in bad weather as they do in good weather, whereas most other LiDAR sensors degrade significantly in poor weather).Best resolution (300 pixels/degree of resolution, versus 100 pixels/degree of resolution across all other LiDAR sensors).Longest range (250 meters of visibility, versus 150 meters or less across all other LiDAR sensors).The company has leveraged multiple technological breakthrough innovations to develop the industry’s best LiDAR sensors – and it’s not even close. When it comes to the LiDAR space, Luminar is best-in-class. Most industry insiders agree that as semi- and fully-autonomous cars take over the roads in the 2020s, LiDAR sensors will become ubiquitous. Do this thousands of times in a 360 degree frame-of-view, and voila… you have a complete and dynamic “picture” of the surrounding environment. The sensor then either carefully measures the time-of-flight of those laser pulses, or a change in frequency of the returning light wave, to create a proxy for distance. Those laser pulses return to the sensors. These LiDAR sensors essentially beam out laser pulses to their surroundings. But computer vision has significant limitations, so it has become commonplace across the AV space to equip cars with add-on, laser light perception sensors called LiDAR. Ideally, you want to do this with built-in cameras, since cameras are space and cost efficient. The key to unlocking full autonomy is to enable cars to have complete “ vision” – or, more specifically, give them a human-like ability to see and respond to their surroundings. Ignoring interest noise for a second, Luminar is still changing the world. ![]() Importantly, the 10-year yield has historically never surpassed the 3-month yield plus real GDP growth unless during a time of significant economic contraction (and therefore, negative GDP growth). This relationship is unmistakably strong. Historically, the 10-year Treasury yield has very closely tracked the sum of the 3-Month Treasury yield (a proxy for inflation which the Fed controls with its target interest rate) plus real GDP growth. ![]() Instead, it looks like the 10-year Treasury yield will max out around 2% over the next few years. And if yields were to rise forever, then I’d say growth stocks like LAZR stock will keep plunging.īut yields aren’t going to rise forever. ![]() The basic thinking is that, as long-term yields rise, equity valuations will correct lower, because stocks and bonds are competing investment vehicles, so as bond yields rise, the required rate of return on stocks rises, too. LAZR stock has been hammered over the past few weeks because of fears related to a sharp rise in long-term bond yields.
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