$MBLY Mobileye Global Deep Dive and 2024 outlook
The autonomous car technology company works with most OEMs. Are the inventory issues behind it in Q2 2024?
Mobileye Global Inc., founded in 1999 by Prof. Amnon Shashua, is an Israeli autonomous driving company specializing in self-driving technologies and advanced driver-assistance systems (ADAS).
The company's products include cameras, computer chips, and software aimed at enhancing automotive safety. Mobileye's technology, such as the EyeQ processors, offers driver assistance features like automatic emergency braking.
Over the years, Mobileye has established itself as a key player in the industry, with its technology integrated into numerous car models from various manufacturers. In 2017, Intel acquired Mobileye for $15.3 billion, leading to its re-entry into the public markets in 2022.
The company's revenue in 2023 was reported at US$2.08 billion. With a workforce of around 3,700 employees, Mobileye continues to innovate under the leadership of Prof. Amnon Shashua as President and CEO, focusing on advancing autonomous driving technologies and expanding its market presence globally.
The 5 big questions for Mobileye Global Inc company are:
How quickly can Mobileye scale up production and deployment of its self-driving car technology across various partnerships and OEM deals?
How will Mobileye compete with established automakers and other tech companies developing their own AV solutions?
Are the inventory issues discussed in the last Q4 2023 earnings behind it? Or will the company still face issues in 2024?
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