Mobileye (MBLY) Issues Statement on Fatal Tesla (TSLA) Model S Autopilot Crash

July 1, 2016 6:33 AM EDT

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Mobileye (NYSE: MBLY) issued a statement to in response to questions about a fatal Tesla (NASDAQ: TSLA) Model S crash which had Autopilot engaged. The crash is being probed by the NHTSA.

Dan Galves, Mobileye's Chief Communications Officer, issued the following statement:

"We have read the account of what happened in this case. Today's collision avoidance technology, or Automatic Emergency Braking (AEB) is defined as rear-end collision avoidance, and is designed specifically for that. This incident involved a laterally crossing vehicle, which current-generation AEB systems are not designed to actuate upon. Mobileye systems will include Lateral Turn Across Path (LTAP) detection capabilities beginning in 2018, and the Euro NCAP safety ratings will include this beginning in 2020."

Shares of MBLY are down 3.3% in pre-open trade.

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