Mobileye founder Shashua resigns as CEO; shares plunge on weak Q3 revenue outlook

MBLY Mobileye Global Inc

$7.43 +3.92%

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1. 1Mobileye (MBLY) founder Amnon Shashua has announced his intention to resign as CEO.
2. 2Shares dropped about 15%, the steepest decline since August 2024, after the company forecast Q3 revenue would fall 5–6%.
3. 3Shashua will remain as chairman of the board once a successor CEO is appointed, and plans to focus on long-term technology development, including humanoids.

Source Reuters +1 · View original ↗

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