Mobileye (MBLY) crumbled Wednesday after short seller Citron Research named the company its 2016 “short of the year.” But the driver-assistance technology developer’s shares are rallying in the stock market today after Tesla Motors (TSLA) said in a blog post that it will continue to use Mobileye’s vision chip as part of its Autopilot feature. Citron cited a Bloomberg article from Wednesday in which a car hacker called Mobileye’s technology
Makers of active car safety technology components jumped Tuesday afternoon as U.S. regulators said 5-Star Safety Ratings will soon specify crash-avoidance technologies. Despite a down day for major indexes, camera vision chip maker Ambarella (AMBA) was up more than 3% in late-afternoon trading and Mobileye (MBLY) swung into positive territory. Both make advanced driver assistance systems, or ADAS. NXP Semiconductors (NXPI) was trading up 1.5% a
Are we there yet? The trend toward self-driving car technology figured in Tesla Motors (TSLA) and Mobileye (MBLY) quarterly reports this week, and it’s likely to show up in Thursday afternoon’s Q3 report by Nvidia (NVDA). Electric car maker Tesla said its ‘Autopilot’ system is enabled on about 40,000 Model S sedans and Model X crossovers for collision avoidance and autonomous emergency braking. An add-on option also lets them steer, change lanes