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28-year-old billionaire Austin Russell acquires 82% stake in Forbes

Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies,…

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An ex-Tesla lawyer received nearly $30 million to ditch Elon Musk's company for a 27-year-old billionaire's self-driving startup

Alan Prescott left Tesla to join Luminar, a startup developing LIDAR for self-driving cars. The amo…

Grace Kay   


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Luminar Technologies jumps 21% after it hires Tesla's general counsel as chief legal officer

Alan Prescott will join Luminar directly from Tesla, and will be responsible for directing all lega…

Matthew Fox   


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Luminar's stock could gain 40% as it racks up partnerships for its autonomous vehicle lidar technology, BofA says

Bank of America initiated coverage of the autonomous vehicle technology company with a "neutral" ra…

Emily Graffeo   


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Luminar jumps 19% after Mercedes acquires stake in the company and plans to use its tech for self-driving cars

Shares of Luminar skyrocketed after Mercedes-Benz announced plans to use the technology supplier's …

Phil Rosen   


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Luminar skyrockets as much as 44% after striking deal with Nvidia for self-driving car technology

Luminar Technologies specializes in long-range Lidar products, with the goal of making widely avail…

Phil Rosen   


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An autonomous-vehicle company that uses technology Elon Musk said is 'doomed' went public via SPAC and is up over 110% in 3 days

Luminar's SPAC debut propelled 25-year-old CEO Austin Russell to become one of the world's youngest…

Emily Graffeo   


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Hiring leaders at Rivian, Tesla, and Amazon's self-driving startup reveal their top tips for landing a job

Top HR managers at Rivian and Amazon-owned Zoox described their thought process during interviews a…

Mark Matousek   


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Tesla is reportedly testing lidar sensors, which Elon Musk dismissed as 'expensive' and 'unnecessary'

Elon Musk says he can deliver on his self-driving promises without lidar. Tesla is reportedly testi…

Tim Levin   


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Tesla's top lawyer has left Elon Musk's company for a 26-year-old billionaire's self-driving startup

In 2019, Tesla CEO Elon Musk described the technology Luminar was developing for self-driving cars …

Grace Kay   


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11 mins read

The world's youngest self-made billionaire hopes to power every future self-driving car with a technology that Elon Musk says is 'doomed'

Austin Russell, 25, became the youngest self-made billionaire after taking Luminar, which builds li…

Hillary Hoffower   


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Alex Davies   


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Tesla quietly spent $2 million on a technology Elon Musk previously trashed as a 'fool's errand'

Tesla was the biggest customer for lidar manufacturer Luminar last quarter, according to its earnin…

Ana Altchek   


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Elon Musk's rival Austin Russell said Teslas will not become self-driving anytime soon

While Elon Musk has been promising autonomous cars are on the horizon, Austin Russell has made bill…

Grace Kay   


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3 mins read

Orlando is gearing up to rival Silicon Valley by becoming a hub for tech, defense, and finance

Lockheed Martin, Oracle, Verizon, and Deloitte all have offices in Orlando - and more companies are…

Grace Dean   


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Lidar stocks extend 2-day pop to more than 30% on report that Apple is building its own car

A self-driving car company that doesn't rely on lidar sensor technology is Tesla, which instead uti…

Matthew Fox   


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A 26-year-old CEO has been crowned the youngest self-made billionaire on Forbes' annual billionaires list after Kylie Jenner was removed

Austin Russell became a billionaire almost overnight in December when his company, Luminar Technolo…

Grace Kay   


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There are 7 self-made billionaires under 30 on Forbes' billionaires list this year, and more than half of them are Stanford dropouts

Four of the billionaires on Forbes' list dropped out of Stanford University, and another two gradua…

Marielle Descalsota   


Grace Kay   


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3 mins read

Tech: The economy might just be fine

In today's edition, we break down why we probably won't see a true recession anytime soon — despite…

Jordan Parker Erb