Shares of Mobileye NV MBLY moved to a session high of $47.95 following a Wall Street Journal report on Tesla Motors Inc TSLA and its Autopilot technology.
The report highlighted a possible solution to concerns over liability for accidents involving autonomous and semiautonomous vehicles.
As Tesla introduces driverless vehicle technology, the company suggested that passing maneuvers could be initiated by the driver using the turn signal rather than having the vehicle make such determinations.
Using a driver activated turn signal to authorize the vehicle to pass other cars would make the driver responsible for the action and the driver would have to decide if such a maneuver was safe and prudent.
“While it might seem like a minor detail, having drivers activate the turn signal could help auto makers like Tesla avoid a regulatory pile up. As more driverless features are built into cars and trucks, auto regulators and the insurance industry are working to fine-tune liability rules that govern who is responsible if a car gets in an accident or hits a pedestrian,” according to the report.
Tesla’s autopilot system may not offer a passing feature until sometime after the first software update in the summer, however, the company claimed the “autopilot updates will delight Model S drivers with cool features that increase both their safety and enjoyment behind the wheel.”
As a maker of camera-based advanced driver assistance systems, Mobileye moved higher following the news before giving back some of the gains later in the trading session.
Mobileye recently traded at $47.49, up 2.7 percent.
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