Austin Russell, founder and CEO of Luminar Technologies, discusses his long-term conviction regarding the widespread adoption and future market cap of Luminar's automotive LiDAR technology.
“It's this kind of thing where, you know, you have this outcome of where it's, like, very, very clear in your head, like, how we're gonna execute on these programs, how, you know, we'll see Luminar in every car, how, you know, it can be a trillion dollar company one day, and everything, like, we're not gonna stop until he makes that, until we make that happen”
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More from Austin Russell
AssertionContradicted
Russell: Tesla's vision system fails to stop for child crash dummies
“Like, literally, if you put, like, a, you know, a crash dummy right in front of the car like a child pedestrian crash dummy, like, it doesn't come to a safe stop, like, at a reasonable speed.”
Austin RussellJul 16, 2024▶ 27:33Austin Russell (with will.i.am): From dropout to billionaire | Masters of Scale
Opinion
Elon Musk falsely brands assisted driving systems as fully autonomous
“I think a lot of the friction of why it's been so controversial in terms of what he's saying is because he's calling an assisted driving system and autonomous driving system.”
Austin RussellJan 9, 2024▶ 32:36will.i.am & Austin Russell: Mute the hype, amplify the product | Masters of Scale
Opinion
Russell: LiDAR is fundamentally required to prevent accidents and enable autonomy
“If you want to be able to prevent accidents and do autonomous, right, this is not an optional system. This is something that's fundamentally required to be able to prevent accidents.”
Austin RussellJul 16, 2024▶ 28:39Austin Russell (with will.i.am): From dropout to billionaire | Masters of Scale
AssertionContradicted
Camera-only driver assistance systems fail basic crash dummy stopping tests
“Reality is it is great to see some improvements for some basic level of assisted driving capabilities, but it doesn't solve some of the fundamentals of what you need to do to prevent accidents. Like literally, if you put a crash dummy right in front of the car…”
Austin RussellJan 9, 2024▶ 32:44will.i.am & Austin Russell: Mute the hype, amplify the product | Masters of Scale
PredictionNot checkable as stated
Russell: Fully driverless cars are still decades away, not years
“Oh, oh, it will. It will. It's just like decades, you know, it's not like, you know, next year, you know, it's just there's a different kind of timescale for these things.”
Austin RussellJul 16, 2024▶ 30:05Austin Russell (with will.i.am): From dropout to billionaire | Masters of Scale
PredictionDidn’t hold up
Russell: Luminar targets up to $60B in booked business by 2030
“Our target is to be as much as a sixty billion by the end of the decade.”
Austin RussellJul 16, 2024▶ 49:47Austin Russell (with will.i.am): From dropout to billionaire | Masters of Scale
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