Part 9/11:
Resignation of Luminar’s CEO and Stock Collapse
In an even more damning turn, Luminar’s CEO resigned—formally or otherwise—after an internal ethics inquiry. The timing of these events and the stock’s volatility suggest a controversy involving what some see as manipulation or insider influence.
Critics argue that attempts by certain media figures to artificially boost Luminar’s stock through misleading content might have contributed to a bubble that then burst, devastating investors. The founder's departure and Luminar’s financial struggles reinforce the narrative of a “trusting” audience misled by aggressive promotional tactics.