Self-driving-technology company
Mobileye Global
reported a disappointing quarter, and cut full-year financial guidance. The electric-vehicle price war, being led by
Tesla
is the main reason.
Mobileye
stock (ticker: MBLY) is down significantly in Thursday trading, falling more than 23%. The
S&P 500
and
Nasdaq Composite
are up about 0.6% and 0.9%, respectively.