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Luminar Technologies Stock Jumps On Earnings As Company Reveals Tesla Was Biggest Customer In Q1

By Adam Eckert
May 8, 10:19 AM
Luminar reported first-quarter revenue of $20.97 million, which missed the consensus estimate of $21.14 million, per Benzinga Pro. The company's top-line results were up 45% on a year-over-year basis, but down 5% sequentially. Luminar reported a first-quarter adjusted earnings loss of 19 cents per share, which beat estimates for a loss of 20 cents per share.

LAZR

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Tesla Stock Is Sliding Wednesday: What’s Going On?

By Adam Eckert
May 8, 8:53 AM
The Justice Department is examining certain statements made by Tesla and CEO Elon Musk about the company's full self-driving capabilities. Prosecutors are specifically looking into potential statements suggesting Tesla vehicles can completely drive themselves. Tesla's Full Self-Driving system offers steering assist, braking and lane change assistance, but it's not a fully autonomous system and Tesla has told drivers to remain ready to take over control of the vehicle when using the systems.

TSLA

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Upstart Q1 Earnings: Revenue Beat, EPS Beat, Targeting Positive EBITDA In 2024 And More

By Adam Eckert
May 7, 4:27 PM
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart's top-line results were up 24% year-over-year, but down 9% sequentially. The cloud-based AI lending platform company reported an adjusted loss of 31 cents per share, which beat analyst estimates for a loss of 39 cents per share.

UPST