Four LiDAR Stocks That Debuted in 2020

You don’t need to be educated in a particular topic to speak knowledgeably about it. All too often, educated people who should know better say daft things like, “Elon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index.” This non-news headline should read “Elon Musk’s paper wealth fluctuates rapidly in response to the extremely volatile stock price it’s tied to.” Confusing paper wealth with real wealth is a mistake newbie investors make all the time, not to mention those who should know better.

You may have seen financial pundits droning on about the 25-year-old self-made “billionaire,” Austin Russell, whose LiDAR company went public this year using a special purpose acquisition company (SPAC). The same holds true. When this bloke sells all the shares of his company, something he’s not likely to do anytime soon, then we’ll see if he’s managed to clear that elusive billion-dollar watermark. Today, we want to talk about the proliferation of LiDAR stocks coming out of the woodwork.

The LiDAR Investment Thesis

The harder you work, the luckier you get. Elon Musk’s luck has been largely driven by 15 years of 100-hour workweeks. You do the math. Everyone likes to talk smack about