Mobileye shares crash after warning of automotive customers' chip glut

Mobileye shares tanked by up to 27 percent yesterday in pre-market trading after the self-driving tech biz surprised Wall Street by warning that customers are chewing over excess inventory and cutting orders. The NASDAQ-listed firm, which is still majority owned by Intel, disappointed investors with the release of preliminary …

[Platinum blond(e)]

Interesting math

Hm, they shipped ~37M units in 2023 and had a loss of ~$36M? And that's a good year???

[Anonymous Coward]

Their customers have stockpiles because they (Ford & GM) are building cars no one wants, and people aren't buying them.

[Kev99]

Isn't interesting the analysts almost always miss actual results?

[NeilPost]

Who wants self driving?

Who wants self-driving other than bean-counters looking to get rid of professional drivers ??

Retail customers want built in integrated dashcam, USB ports in the right places, the ability to switch off lane assist permanently, truly Wireless Car-Play, CarPlayAndroid Auto and apps that is less dumb - Amazon Music looking at you here - , better gas mileage, less clumsy infotainment systems, auto update (and satnav data uploads) of car tech via an end of day connection to your home broadband etc

… and definitely no subscriptions for stuff thou have bought outright. Fuck BMW here.

[Michael Wojcik]

Re: Who wants self driving?

Well, I'll agree about "the ability to switch off lane assist permanently". And I'll extend it to pretty much all of the other stuff you mentioned. Not better mileage, I suppose.

[werdsmith]

Re: Who wants self driving?

I want no more deaths or serious injuries on the roads as a priority.

Human egos cause many of these and are unlikely to improve.