From Barchart:

The stock of Mobileye took a sharp nosedive on Thursday following the company’s announcement of a significant drop in Q1 revenues. This serves as a stark reminder of the ongoing challenges in the electric vehicle and autonomous driving sector. Tesla, in particular, may be feeling the impact as it grapples with its own set of hurdles. The future of these industries remains uncertain, as companies navigate through a fluctuating market and evolving technology.



Read more: Is the Autonomous Driving Craze for Real After Mobileye Stock Plunges?