Luminar’s LiDAR Rollercoaster: LAZR Stock Soars on Buyout Buzz, Crashes on Cash Crunch – October 2025 Update
Luminar Technologies’ shares plunged 42% to $1.21 by Oct. 31 after warning it may run out of cash in early 2026 and announcing a 25% workforce cut. Founder Austin Russell made a non-binding buyout offer, but the company suspended financial guidance amid deep losses and missed debt payments. CFO resignation and disputes with Volvo added to the turmoil.