Tesla parts ways with Autopilot partner MobilEye
Israeli tech firm considered to be one of the leaders in self-driving equipment
- CEO of car manufacturer Elon Musk says that the split was "inevitable"
- Tesla is being investigated after claims that its self-driving technology malfunctioned in fatal crash
Partners in the development of self-driving technology Tesla and MobilEye will split after the end of their current agreement, as the US carmaker will begin the search for a new collaboration.
Mobileye N.V.
$62.67
11:09 31/08/17
Nasdaq 100
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12:15 08/11/24
Tesla Motors Inc
$321.22
13:10 08/11/24
MobilEye is considered to be one of the most innovative companies in the realm of self-driving equipment, but will pull its devices from Tesla from 2018.
It is unclear whether the carmakers or the Israeli tech firm ended the agreement.
Tesla are currently being investigated after a fatal crash in May involving one of their models may be attributed to a malfunction of their Autopilot system.
It is unclear whether the carmakers or the Israeli tech firm ended the agreement
“Mobileye’s work with Tesla will not extend beyond the EyeQ3,” MobilEye said on Tuesday, as it released results showing significant profit increases.
The next generation of sensors from the firm is due to be released in 2018, and it looks unlikely that it will be made available to Tesla.
We continue to support and maintain the current Tesla Autopilot product plans. This includes a significant upgrade of several functions that affect both the ability to respond to crash avoidance and to optimise auto-steering in the near term," said the statement.
CEO of the US manufacturer Elon Musk was unconcerned about the ending of the partnership, describing it as "inevitable".
“Us parting ways was somewhat inevitable. There’s nothing unexpected here from our standpoint," Musk said. "We’re committed to autonomy. They’ll go their way and we’ll go ours."