Mobileye Shocks With Lower Guidance. The Stock Is Diving. Blame Tesla.

Self-driving technology company

Mobileye

reported a disappointing quarter, cutting full-year financial guidance. The electric-vehicle price war, being led by

Tesla

is the main reason.

Mobileye

(ticker: MBLY) shares were down significantly in early trading, falling 14.4%.

S&P 500

and

Nasdaq Composite

futures were up 0.5% and 0.9%, respectively.