There has been some rumble lately owing to Tesla Chief, Elon Musk’s Twitter post on Oct. 1 about the impending ‘D’ launch.
Manufacturers of vision-based collision warning systems and vehicle tracking systems, Mobileye has climbed 13 percent in the last week in New York, all thanks to the much speculated launch event on October 9th where Tesla is allegedly revealing automated driving features. Witnessing the biggest weekly gain in the Bloomberg index of the most-traded Israeli companies in the U.S., Mobileye shares registered $57.70., rising 1.9 percent for the week for its biggest gain since August, reports Bloomberg.
Trip Chowdhry, an analyst at Global Equities Research, who also conducts research on more than 30 of Tesla’s suppliers, told Bloomberg that Mobileye’s anti-collision technology is likely to be part of Tesla’s new product.
“Mobileye possesses the world’s leading technology that protects from collision, and it looks like this collision avoidance system will be in Tesla’s new model S,” Chowdhry. “There is a lot of hype around Tesla ahead of next week’s presentation, and this is creating an upside for Mobileye.”
Mobileye’s proprietary software algorithms and the 3rd generation EyeQ® chip perform detailed interpretations of the visual field in order to anticipate possible collisions with other licensed vehicles, pedestrians, animals, debris and other obstacles.
Their system claims to be able to identify roadway markings such as lanes, road boundaries, barriers and similar items, as well as read traffic signs and traffic lights all this brought about by special attention to high performance, low energy consumption, and low cost, with automotive-grade standards.
Founded in 1999 by Hebrew University professor Amnon Shashua and Ziv Aviram and with a current valuation of $12.2 billion today, Mobileye, has Goldman Sachs Group Inc. among its main shareholders. Its customers include General Motors Co. and Bayerische Motoren Werke AG.
Read more here.
(Image source: JD Lasica)