Tesla’s Autonomous Driving Rival Mobileye Secures Deal With Major US Automaker — MBLY Stock Soars Over 8% Pre-Market

Tesla Inc.’s (TSLA) autonomous driving rival Mobileye Global Inc. (MBLY) on Monday announced that it has secured a deal with a leading U.S. automaker.

Mobileye stated that the company will integrate the Mobileye Driver Monitoring System into future vehicles equipped with Mobileye's EyeQ6L system-on-chip, with the start of production targeted for 2027

Mobileye shares soared more than 8% in Monday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.

Tesla had partnered with Mobileye to develop the Elon Musk-led EV giant’s Autopilot driving system. However, the partnership ended in 2016 when Mobileye partnered with German automaker BMW.

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