Tag Archives: mbly

Tesla, Mobileye Rev Up On Future Of Self-Driving Car

Tesla Motors (TSLA) and Mobileye (MBLY) stock stepped on it Monday as the companies’ future in self-driving cars caught investor interest. Could something along the lines of an autonomous Uber ride service, with no drivers, be in Tesla’s future someday? Tesla stock closed up nearly 5% in the stock market today, at 254.99. Expectations that the electric car maker can dominate the autonomous driving market buoyed shares, as Morgan Stanley analysts

Mobileye, Up 55% In ’15, Hits New High On PT Hike

Tesla Motors (TSLA) supplier Mobileye (MBLY) hit an all-time high in the stock market today after Morgan Stanley boosted its price target on the developer of technology for camera-based driver assistance systems from 68 to 80. The analysts also reiterated their outperform rating on Mobileye. Shares were up 5.3% in fast trade after earlier touching an intraday high. The stock has risen nearly 30% since breaking out of a cup-with-handle base in

Mobileye Collision-Avoidance Technology Accelerates

Mobileye, a leading provider of driver-assistance technology that could help lead to self-driving cars, topped expectations with its second-quarter earnings Thursday and raised its full-year guidance. Before the market open, Mobileye (MBLY) reported revenue of $52.8 million, beating Wall Street’s consensus estimate of $47.9 million. It was up 57% from the year-earlier quarter and ahead of 28% and 26% year-over-year gains the two previous quarters.