rtmark
LearnBonds.com

Hot, Hot, Hot! Tesla Motors (TSLA) and Mobileye’s Word War Heats Up!

Tesla Inc (TSLA)

After Tesla Motors Inc blamed Mobileye for the end of their relationship, the autonomous components maker – on Friday – put out a press release stating that the comments by the EV firm are completely incorrect and can be “refuted by the facts.” It all started, when Tesla ended its partnership with Mobileye after a fatal accident in Florida that involved the vehicle using the semi-autonomous mode.

War of words – Tesla vs. Mobileye

According to the EV firm, the accident happened because the car crashed into a truck turning to its left, and with the glare of the sun, the car’s cameras couldn’t see the truck and unfortunately, couldn’t apply the brakes in time. Following the incident, Tesla Motors Inc terminated its partnership with Mobileye.

Tesla motors inc model s

Then in September, the electric car maker announced that the version eight of its Autopilot firmware would rely more on radar than before, despite having said previously that the optical cameras were sufficient. Also, Mobileye and Delphi announced a fully-autonomous system by 2020. At this time, it appeared that both Tesla and Mobileye will never cross each other’s path again.

But, as it turned out, none of the companies hadn’t forgotten the split. Mobileye, on Thursday, told Reuters that the reason for split with Tesla was that the EV firm was “pushing the envelope in terms of safety” with Autopilot. In response, a Tesla spokeswomen said Mobileye, knowing that the EV firm is developing its own sensor system, forced Tesla to discontinue with development, “pay [Mobileye] more, and use their products in future hardware.”

Mobileye again hit back, and released a statement stating Tesla’s claims are false. According to Mobileye, the accusations made are fake. Referring to Tesla’s accusation that the component maker was threatened by Tesla’s own sensor development, Mobileye said it has little knowledge other than an awareness that Tesla had put a small team.

Mobileye wants to move on

However, Mobileye seems to put the episode behind it, noting now, it won’t comment on the fall-out with Tesla, notes Ars Technica. “Mobileye’s deeply held view is that the long-term potential for vehicle automation to reduce traffic injuries and fatalities significantly is too important to risk consumer and regulatory confusion or to create an environment of mistrust that puts in jeopardy technological advances that can save lives,” the component maker said.

Separately, on Friday, Elon Musk said Tesla Motors Inc plans to roll-out an update to its Autopilot-driver assistance feature on Wednesday, provided no last minute issues are discovered. To avoid collision and fatal accidents, the new Autopilot will not just rely on cameras, but also on radar too to help the car see on what’s going around. Musk said that the radar will sent out more data points to create a 3D picture of the car’s surroundings.

On Friday, Tesla shares closed up 2.48% at $205.40. Year to date, the stock is down almost 14% while in the last one-year, it is down almost 18%.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.