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Home>UPDATE: Tesla drops Nvidia from infotainment systems, selects Intel: report

UPDATE: Tesla drops Nvidia from infotainment systems, selects Intel: report

UPDATE: Tesla drops Nvidia from infotainment systems, selects Intel: report

09/27/2017

Tesla Inc. (TSLA) will use hardware from Intel Corp. (INTC) and not Nvidia Corp. (NVDA) for the information and entertainment screens in its Model 3 cards and new versions of its other cars, according (https://www.bloomberg.com/news/articles/2017-09-26/tesla-is-said-to-shift-to-intel-from-nvidia-for-infotainment) to a Bloomberg report. Nvidia stock edged up less than 0.1% to $172.10 after hours. Tesla and Intel shares were flat. Both Intel, the world's largest chip maker, and Nvidia, which has a healthy gaming business from its GPU sales, have been looking for additional revenue streams. Analysts have modeled Nvidia's next quarter auto revenue of $159 million up from $127 million the year earlier period, according to FactSet. Intel does not break out auto revenue into a separate segment. While electronic components are becoming an increasingly important part of cars, Tesla shipped just over 76,000 in its last fiscal year. Intel stock rose 0.2% to $37.47 after hours and 3.31% thus far this year. The S&P 500 index has risen 11.52%.

-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

09-26-17 1655ET

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