Mobileye (MBLY) crumbled Wednesday after short seller Citron Research named the company its 2016 “short of the year.” But the driver-assistance technology developer’s shares are rallying in the stock market today after Tesla Motors (TSLA) said in a blog post that it will continue to use Mobileye’s vision chip as part of its Autopilot feature. Citron cited a Bloomberg article from Wednesday in which a car hacker called Mobileye’s technology
Tesla Motors (TSLA) stock powered up 6.1% Wednesday as an energy pact by Congress looked set to extend a key solar energy subsidy in a vote later this week, benefiting the electric car maker’s Tesla Energy stationary battery division. Congressional leaders agreed to an omnibus spending bill that extends the solar investment tax credit (ITC) for another five years; the news lifted the solar sector Wednesday, with SolarCity (SCTY), the installer
The U.S. International Trade Commission sided with Apple (AAPL) supplier Qualcomm (QCOM) and Samsung on Monday, upholding an earlier ruling that neither violated Tesla (TSLA) chipmaker Nvidia’s (NVDA) patents on graphics processing chips. An Nvidia spokesperson said the company could appeal. “While today’s ruling ends this particular case in the ITC, we remain firm in our belief that our patents are valid and have been infringed and will look to