Why Luminar Shares Are Rising Today and What's Its Connection To Apple Car?

Luminar Technologies, Inc LAZR roped in Christopher “CJ” Moore, a manager on Apple Inc’s AAPL car project and a former director of Autopilot at Tesla Inc TSLA, to lead global software development, Bloomberg reports.
Moore, who had joined Apple in August, will lead Luminar’s software team to develop autonomous safety features integrated with its lidar or laser sensors.
Over the last two years, nearly the entire Apple Car management team has exited.
Earlier this month, Ian Goodfellow, another Apple project director, quit for Alphabet Inc’s GOOG GOOGL DeepMind.
Meanwhile, Apple attracted talents from Ford Motor Company F, Rivian Automotive, Inc RIVN, and other car industry players.
Price Action: LAZR shares traded higher by 8.91% at $9.23 on the last check Wednesday. AAPL shares traded higher by 0.76% at $141.43.
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