Boston, MA 10/06/2014 (wallstreetpr) – Mobileye NV (NYSE:MBLY) remains upbeat in the market on speculation that Tesla Motors Inc. (NASDAQ:TSLA) might be planning to unveil a new model this week. A surge of 13% for Mobileye allowed the company to taste high margins that it has never seen since going public.
Mobileye NV (NYSE:MBLY) automated-driving technology stands to benefit a great deal should Tesla Motors Inc. (NASDAQ:TSLA) launch another model. The Israeli-based company has a foray of technologies that Tesla will find a great use of, especially with the growing momentum about driverless cars. Mobileye is the owner of a technology that can keep cars on their lanes consequently preventing any form of collision.
Mobileye Technology
Mobileye NV (NYSE:MBLY) impressive run in the market begun on August 1 after debuting in the market. One of its largest shareholders is Goldman Sachs Group Inc. (NYSE:GS) the company’s other customers include General Motors Company (NYSE:GM) and BAYERISCHE MOTOREN W (OTCMKTS:BAMXY). The wide network of partners for its technology has allowed its valuation to skyrocket to a high of $12.2 billion from $1.5 billion as of July 2013. Tesla Motors Inc. (NASDAQ:TSLA)’s current models don’t have advanced safety measures of which a change would be in order under the current partnership with Mobileye.
Mobileye technology can alert drivers of any pedestrians both in front and at the back as well as any unintended lane departures. The technology, when implemented, is set to assist in hands-free driving that is slowly gaining popularity. Mobileye NV (NYSE:MBLY)’s image sensing technology is unique as it uses a single camera to capture a car’s surroundings as opposed to others that use multiple cameras.
Tesla Motors Inc. (NASDAQ:TSLA) has already said it will be adding a number of features that will help in easy driving especially during high traffic scenarios having already installed a series of cameras in Model S.
