I suppose if they have failed to build a business around one product/category, it makes sense to target something else. And it makes sense to move on from the CEO who (in hindsight, at least) made the incorrect choice.......it might be an almost mandatory change, for support in raising additional funds.
The auto ADAS market exists, and is growing (large !) with or without MVIS. That seems like a positive, versus some markets MVIS has targeted.