Dana Ellison

What’s going on with $OUST? While Ouster has solid technology, the reality is that Elon Musk and $TSLA have spent years arguing that LiDAR is unnecessary for autonomous vehicles, favoring a vision-only approach instead. Musk has repeatedly called LiDAR expensive and unnecessary for self-driving cars, even though SpaceX uses LiDAR in certain aerospace applications. My concern isn’t necessarily the technology itself—> it’s market perception. In today’s market, narratives matter. If Elon were to publicly state that LiDAR isn’t needed for robotics or humanoids either, I think many investors would rush for the exits regardless of the underlying fundamentals. Markets today are driven by liquidity, algorithms, momentum, and reaction. When macro conditions tighten, profit-taking accelerates. Profit-taking leads to a liquidity crunch, and liquidity crunches often lead to indiscriminate selling and lower prices. That’s why I’m leaning Careful Approach with hedge on $OUST in the near term. Not because the technology is broken, but because the combination of macro uncertainty, risk-off sentiment, and negative narrative risk could put significant pressure on the stock. Do you own $OUST? If so, what downside level are you watching if the current liquidity-driven selloff continues?