Have you ever heard of Aeva Technologies?
The company is headquartered in the heart of Silicon Valley, in Mountain View, California. It specializes in developing LiDAR sensors for self-driving cars and robotics.
Aeva uses something called frequency-modulated continuous wave (FMCW) technology. This can measure both distance and velocity simultaneously. It is referred to as 4D LiDAR.
We think 4D LiDAR sounds pretty neat. Speculators do too. Over the last 12 months, and even with a recent selloff, Aeva’s share price is up 1,000 percent.
The only problem is Aeva doesn’t make money. It consumes it. Last year the company reported a net loss of $152.26…
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