Mobileye Shocks With Lower Guidance. Blame Tesla.

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.