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Mobileye: Late To The Robotaxi Game

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Update - July 23, 2026

Mobileye probably needs new leadership with the stock back down to the lows, but the company is just getting further behind the robotaxi race with this leadership disruption. The company just announced the deal for the cloud-enhanced advanced driver assistance system technology in select Stellantis N.V. (STLA) vehicles, starting in 2027, but the program involves Mobileye spending too much time on secondary tech, not robotaxis.

-Mobileye (MBLY) founder Amnon Shashua has informed the board of his intention to step down as CEO upon the appointment of a successor, ending a 27-year tenure.
-Mobileye’s board will hire an executive search firm to conduct a comprehensive CEO search.
-Shashua has been offered the role of chairman once a new CEO is appointed.

Finviz Chart


Original article posted on Jun. 17

  • Mobileye Global Inc. is entering the robotaxi market, launching a service in 2027 despite being late compared to established competitors.
  • The ADAS company faces significant competition, with multiple companies already operating robotaxis and scaling rapidly, particularly in Texas and through partnerships with major mobility players.
  • The company has a $1.35 billion cash balance and plans to deploy up to 17,000 robotaxis in five years, but risks depleting cash if adoption lags.
  • The stock trades at a premium with a $7.6 billion market cap and $2 billion revenue, while industry adoption of advanced driver assistance remains slow.
Mobileye Global Inc. (MBLY) is slowly trying to catch up to the market shift in the automotive space. The chip company was the leader in the advanced driver assistance market and the shift to autonomous driving was led by technology companies, leaving Mobileye out of the game. My investment thesis is still more Neutral on the stock with the new plans to enter the robotaxi race very late to the game.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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