Driverless trucking software developer TuSimple Holdings reported $1.5 million in revenue from its growing autonomous freight network in Q2, a fivefold increase over a year ago.
The San Diego-based company reported it is still waiting to see how and whether its ownership structure will change based on an investigation by the Committee on Foreign Investment in the United States (CFIUS).
CFIUS is conducting a 45-day review of the 2017 purchase of TuSimple’s redeemable convertible preferred shares...
https://www.freightwaves.com/news/tusimple-discloses-specifics-of-federal-ownership-probe