Mobileye to lay off nearly 100 Lidar development employees, R&D unit to be wound down by end of 2024
Autonomous driving company Mobileye announced a shift it strategy today that involves exiting Lidar development.
Mobileye lowers guidance & anticipates larger losses in 2023 due to Tesla EV price war
Tesla has engaged in a price war in China with several EV manufacturers that are utilizing Mobileye technology.
Mobileye (MBLY) shares jump 30% on IPO’s market debut
The IPO for Mobileye raised Intel $861 million, with Mobileye stock up 34 percent at $21 per share.
Intel self-driving subsidiary Mobileye is targeting a $15.9 billion IPO
Shares are expected to be priced anywhere between $18 and $20 each.