Mobileye lowers guidance & anticipates larger losses in 2023 due to Tesla EV price war
Tesla has engaged in a price war in China with several EV manufacturers that are utilizing Mobileye technology.
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Mobileye (MBLY) shares jump 30% on IPO's market debut
The IPO for Mobileye raised Intel $861 million, with Mobileye stock up 34 percent at $21 per share.
Intel self-driving subsidiary Mobileye is targeting a $15.9 billion IPO
Shares are expected to be priced anywhere between $18 and $20 each.
