The first sign of trouble for Luna came in the form of a tweet from the company’s official Twitter account.
Luna, a self-driving car startup based in San Francisco, CA, announced on October 26th that it was ceasing operations and would be liquidating its assets. The news came as a shock to many in the industry, as Luna had been one of the leading companies in autonomous driving technology and had been valued at $1 billion by investors. The company’s troubles began when one of its test vehicles crashed on October 25th near Seattle, WA. The crash killed both passengers inside the vehicle and raised questions about how safe self-driving cars really are.
The first sign of trouble for Luna came in the form of a tweet from the company’s official Twitter account.
Our hearts go out to everyone affected by this terrible tragedy. We will fully cooperate with local authorities as they investigate what happened.
— Luna (@Luna_autos) October 25, 2021