You might not have heard of Mobileye, but you've definitely heard of its products, and probably even used them. The Israeli tech company is a major, albeit mostly behind-the-scenes player in the emerging self-driving technologies industry, supplying automakers with the computing firepower needed to help cars mitigate dangers as they arrive.
Mobileye has many clients, including Tesla, Ford, GM, Volvo, and BMW, and it's the supplier on which Tesla bases its controversial Autopilot system. Yesterday, the company announced it will not renew its contract with Tesla -- a potentially damaging blow to Tesla's already-eroding image. Why did it do it? Well, it really had no choice, given Tesla's hardline stance on a self-driving car timeline. Ultimately, this might wind up being a good thing for both Mobileye and Tesla.