TuSimple shares will vanish from the Nasdaq on Monday. The one-time leader in autonomous trucking software failed to file two corporate financial reports for 2022 on time.
It is the latest setback for the San Diego-based startup. TuSimple led the way to public trading among autonomous trucking software competitor. Its April 2021 initial public offering was priced at $40 a share.
Reputation damage takes its toll on TuSimpleInvestors have shunned the stock amid a series of blunders that included...