Mobileye Global Inc. shares were easily on track for their worst day in the 18 months the stock has traded publicly, after the autonomous-driving technology company implied Tesla Inc. price cuts were to blame for its slashed outlook.
Mobileye MBLY shares fell as much as 31% to an intraday low of $29.63, with its previous worst day being Feb. 24, when the stock finished the day down 8.6%. At last check, shares were down 23%. Meanwhile, the S&P 500 index SPX was up 1.3%, and the tech-heavy Nasdaq Composite Index COMP rose 1.9%.
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