Velodyne's VLP-16 is now half price. (Image: Velodyne)

Velodyne said it will sell its workhorse Lidar sensor—used widely in autonomous car programs—for $4,000, half the previous price. The cut, which does not affect the company's high-end sensor, comes as the Lidar pioneer faces increasing competition.

Why it matters: The sensor—called the VLP-16—is the most popular Lidar system on the market. Robo-taxi startup Zoox uses multiple VLP-16s on its car, and Apple reportedly has installed at least six on its experimental vehicle. But competition is fierce—Ouster recently offered its high-end 64-channel Lidar model at $12,000, one-seventh the price of Velodyne's rival $85,000 system.

What's next: Advances are coming fast in the red-hot self-driving space as carmakers seek to launch vehicles into the market as fast as possible. Velodyne's aggressive pricing on the low end may be recognition that competition for 64-channel sales are likely to whither away as the industry moves to far more sophisticated 128-channel systems. Mike Jellen, president of Velodyne, tells Axios that the 128 will become the high-end standard, superseding the 64.

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Biden has huge cash advantage over Trump as Election Day nears

Democratic presidential nominee Joe Biden in Wilmington, Delaware, on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month, as campaigning enters the final stretch ahead of Election Day on Nov. 3.

Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3, Election Day, until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.

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