NEWS WRAP: TuSimple to delist, citing the company’s ‘best interests’
The autonomous driving company said its decision was based on weakening market sentiment towards companies with technology that has yet to be commercialized By Doug Young TuSimple Holdings Inc.…
FAST NEWS: TuSimple considers sale of U.S. business
The Latest: Autonomous truck driving technology company TuSimple (TSP.US) said on Wednesday it is “evaluating strategic alternatives for its U.S. business.” Looking Up: Such language typically means TuSimple is exploring…
Hesai Group: No love on Wall Street for China’s rising LiDAR star
A week after announcing its latest results, the world’s largest maker of the autonomous driving technology’s shares are down nearly 60% from their February IPO price Key Takeaways: Hesai’s revenue…
TuSimple Accelerates Into Turmoil Fast Lane as Co-Founders Fire Board
Just weeks after the autonomous truck company’s board fired CEO and co-founder Hou Xiaodi for undisclosed insider dealings, Hou and his other co-founder fired the entire boardKey Takeaways:TuSimple’s two co-founders…
TuSimple Looks to Decouple From China. Others to Follow?
Autonomous truck technology company is reportedly looking to sell its China business for about $1 billion Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China…
TuSimple Paves the Way for Its Truck Technology Commercialization
Company reaches settlement with U.S. national security regulator, but spooks investors with elevation of its co-founder CTO to chairman and CEO positions Key Takeaways: TuSimple announced that co-founder and CTO…
TuSimple Stuck in Low Revenue, Loss-Making Zone as It Eyes First Driverless Truck Trips
Company aims for first fully autonomous journeys before the end of the year but faces stiff competition and an uphill battle to commercialize Key takeaways: TuSimple’s third-quarter loss widened as…
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