Mobileye Shocks With Lower Guidance. Blame Tesla.

Self-driving-technology company

Mobileye Global

reported a disappointing quarter, and cut full-year financial guidance. The electric-vehicle price war, being led by


is the main reason.


stock (ticker: MBLY) is down significantly in Thursday trading, falling more than 23%. The

S&P 500


Nasdaq Composite

are up about 0.6% and 0.9%, respectively.

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