I'm not a finance guy, but Mobileye's 2021 revenue was about $1.4B, and it has swung to profitability since 2019, with a 10% net profit last quarter. Revenue and profit growth last quarter were both over 40% year over year, though I have no idea how sustainable that is. The revenue comes from ADAS, and not self-driving per se, and I don't know how much of the valuation is due to the hope of self-driving. I think fully autonomous self-driving is like nuclear fusion, and it's always a long ways off, but that's not my field either.
To put Mobileye's valuation into perspective, Ford had annual revenue of $136B, annual profit of $23B, for the twelve months ending in June, and its current valuation is about $45B. GM's revenue for 2021 was $127B, and their net profit was $10B. (Yeah, Ford is bigger.) GM's market capitalization is just under $47B (as of this posting). So when I see these super-high valuations, even the $30B figure, no less the $50B objective, I get skeptical. I wouldn't invest at an IPO price with a valuation of $30B, but I'm not much of a speculator. Speculative investing is always a personal decision.