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Benzinga
Benzinga
Business
Anusuya Lahiri

INSANE: Why luminar shares are rising today and what s its connection to apple car | Vintage Vibes

Apple Nasdaq Luminar Apple Car LAZR AAPL Company Ian Goodfellow Alphabet Inc Ford Motor Company
  • Luminar Technologies, Inc (NASDAQ:LAZR) roped in Christopher “CJ” Moore, a manager on Apple Inc’s (NASDAQ:AAPL) car project and a former director of Autopilot at Tesla Inc (NASDAQ:TSLA), to lead global software development, Bloomberg reports.
  • Moore, who had joined Apple in August, will lead Luminar’s software team to develop autonomous safety features integrated with its lidar or laser sensors.
  • Over the last two years, nearly the entire Apple Car management team has exited. 
  • Earlier this month, Ian Goodfellow, another Apple project director, quit for Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) DeepMind. 
  • Meanwhile, Apple attracted talents from Ford Motor Company (NYSE:F), Rivian Automotive, Inc (NASDAQ:RIVN), and other car industry players.
  • Price Action: LAZR shares traded higher by 8.91% at $9.23 on the last check Wednesday. AAPL shares traded higher by 0.76% at $141.43.
  • Photo via Company
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