Tesla Accused of Pushing the Safety Envelope, Plus the Latest on Apple, Coca-Cola, and More

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Mobileye NV (NYSE:MBLY) threw some unexpected criticism at Tesla Motors Inc (NASDAQ:TSLA) recently, after the software company’s Chairman said that one of the reasons his company broke off ties with Tesla was due to the car manufacturer “pushing the envelope in terms of safety.” Mobileye CTO Amnon Shashua added the following about Tesla’s autopilot assistance system:

“It is not designed to cover all possible crash situations in a safe manner. No matter how you spin it, [Autopilot] is not designed for that. It is a driver assistance system and not a driverless system.”

Tesla has previously been criticized for adopting semi-autonomous driving technology too soon after one of its customers died in a crash when using the ‘autopilot’ feature in May. Elon Musk and Co have said that the company will release an update in the coming weeks that would have been able to prevent that accident. To Musk, autonomous technology saves substantially more lives than it costs on average. 25 hedge funds that we track were bullish on Mobileye NV (NYSE:MBLY) at the end of June, while 36 owned shares of Tesla Motors Inc (NASDAQ:TSLA).

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Traders are talking about Walt Disney Co (NYSE:DIS) today after the company announced that it will lay off around 250 employees, or 5% of its workforce in its consumer products and digital media division. Some of the layoffs will occur in Disney’s video game production division, as Disney’s management strives to move the company towards lower-risk licensing rather than developing in-house titles. The belt-tightening in good times shows that the company’s management is dedicated to delivering returns to shareholders. 44 funds in our system owned shares of Walt Disney Co (NYSE:DIS) as of the June 13F reporting period, down by five funds from the March reporting period.

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