Mobileye NV To Become The Core Self-Driving Car OS: Citi

In a report dated April 10, Citi analyst Itay Michaeli outlined the details of their Friday meeting with senior management at Mobileye. The analyst noted that auto executives are constantly fielding questions about new technology and especially new entrants to the market because all that new tech is making it easier for new entrants to get in and potentially become dominant in an industry that has been essentially closed to outsiders for a long time.He believes the ongoing evolution in the auto industry will result in a mixture of winning and losing automakers and that to avoid becoming a loser, he thinks automakers must partner with Mobileye. He sees the company’s expertise as potentially being the best in the industry. But that’s not the only reason he likes the Israel-based company. He also appreciates its target of having a fully autonomous driving solution priced at around $2,000 by 2021 and its use of crowdsourcing solutions to leverage the size and scale of traditional automakers.

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