Once Tesla Motors, the industry leader in autonomous driving, stopped working with Mobileye technology in their vehicles, it was clear the Israeli camera company would eventually fade into the ether of generics, a fate tangible product makers all eventually suffer due to copies and better technology entering the fray.
Had they stayed with Tesla, then perhaps they would have a chance at survival, latched onto the wings of Our Leader (all Praise and Glory to The Leader) as he soared to vehicular autonomy, electric greatness, and Mars.
Instead they got scared when one person died using Tesla’s autopilot feature.
New Tesla’s have much better auto-drive technology:
All new Tesla’s will have the following moving forward: 8 cameras with 360-degree viewing, 12 ultrasonic sensors, and forward facing radar
— Kunal (@itsKunalSheth) October 20, 2016
None if which will be from the losers at Mobileye.
Anyhow, rumor has it the investment research arm of Evercore ISI, a British outfit, decided to join the rank of piker and issue a positive note on Mobileye.
Mobileye stock [ticker: MBLY] is up 2% on the rumor after being America’s punching bag for the last few months.
This seems like a good opportunity to short MBLY and buy more TSLA.
Developing…
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