TuSimple Holdings

Commentary: $1B balance sheet could help limit TuSimple’s reputation damage

 “When winter comes, I’ll keep on moving. Tell me where my friends go.” — Oingo Boingo

The abandonment of TuSimple Holdings by investors, its manufacturing partner and a host of others suggests the one-time leader in autonomous trucking has hit bottom.

It probably has. But its billion-dollar balance sheet suggests it can recover from its wounds, several of which are self-inflicted.

For example, had co-founder Xiaodi Hou resisted the temptation to take over as CEO in March, many of the problems...

https://www.freightwaves.com/news/commentary-1b-balance-sheet-could-help-limit-tusimples-reputation-damage

TuSimple y Navistar ponen fin a su asociación para camiones autónomos 

TuSimple Holdings y Navistar Inc. van por caminos separados. Su matrimonio de dos años destinado a dar a luz a un camión autónomo de Clase 8 especialmente diseñado para el transporte de mercancías de larga distancia ha terminado en divorcio. 

El anuncio realizado a última hora del lunes es el último revés para TuSimple (NASDAQ: TSP). El drama de la sala de juntas y las investigaciones federales han enviado sus acciones a un mínimo de 52 semanas en el Nasdaq. A mediodía del martes, las acciones...

https://www.freightwaves.com/news/tusimple-y-navistar-ponen-fin-a-su-asociacion-para-camiones-autonomos

TuSimple, Navistar end autonomous truck partnership

TuSimple Holdings and Navistar Inc. are going their separate ways. Their two-year marriage intended to birth a purpose-built Class 8 autonomous truck for long-haul freight is ending in divorce.

The announcement late Monday is the latest setback for TuSimple (NASDAQ: TSP). Boardroom drama and federal investigations have sent its shares to a 52-week low on the Nasdaq. Shares traded at midday Tuesday down 12.17% at $1.99.

Since a friendly panel discussion during CES in January, relations have soured...

https://www.freightwaves.com/news/tusimple-navistar-end-autonomous-truck-partnership

Cummins previews coming attractions as emissions regulations converge

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The approach of Cummins Inc. to hydrogen-fueled internal combustion engines is very different from...

https://www.freightwaves.com/news/cummins-previews-coming-attractions-as-emissions-regulations-converge

Co-founder gets voting control of TuSimple

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After ousting its four independent directors a week ago, the co-founders of autonomous truck...

https://www.freightwaves.com/news/co-founder-gets-voting-control-of-tusimple

Truck Tech: SPAC ‘stonks’ edition

Wanna buy SPAC-backed electrification and autonomous stocks? They are cheap, but have they hit bottom yet? A new Morning Consult poll shows autonomy has significant trust issues to overcome, and try as we might, we just can’t miss the bus when it comes to electrification.

Wanna buy my (SPAC) stonks?

It’s hard to find many stocks moving up against headwinds of rising inflation, war in Ukraine, and the coming and going — and coming again — of COVID variants.

But the beatdown of electric vehicle and...

https://www.freightwaves.com/news/truck-tech-spac-stonks-edition

TuSimple may sell autonomous truck business in China to boost share price

TuSimple Holdings shares, battered since announcing a sudden leadership change earlier in March, rebounded Wednesday after Reuters reported the autonomous truck developer may offload its autonomous trucking business in China.

TuSimple (NASDAQ: TSP), which leads the commercialization of autonomous trucking in the U.S., hasn’t talked much about its China business, which focused on deepwater ports near Shanghai. TuSimple is in talks to sell the unit for up to $1 billion, Reuters said, citing three...

https://www.freightwaves.com/news/tusimple-may-sell-autonomous-truck-business-in-china-to-boost-share-price

Analysis: Normally transparent TuSimple bungles leadership change, rattling investors

For a young public company known for transparency, TuSimple Holdings’ sudden replacement of Cheng Lu as CEO with co-founder Xiaodi Hou showed that unexpected moves rattle investors. And shaken investors sell stock.

A lot of stock.

TuSimple is trading near its all-time low. For the week, it was down 32.65%, with most of the damage on Thursday, the day of the announcement.. 

The timing and immediate execution appeared to be a PR blunder with volatile markets already spooked by inflation fears and...

https://www.freightwaves.com/news/analysis-normally-transparent-tusimple-bungles-leadership-change-rattling-investors

US takes limited oversight of TuSimple as foreign investment probe ends

The Committee on Foreign Investment in the United States (CFIUS) has wrapped up its national security probe into autonomous truck software developer TuSimple Holdings Inc., which agreed to limited U.S. oversight and pledged to keep U.S.-developed core technology out of China.

“I think in short this is a clean bill of health from the U.S. government,” TuSimple CEO Cheng Lu told FreightWaves on Tuesday evening.

CFIUS, an interagency committee authorized to review certain transactions involving...

https://www.freightwaves.com/news/us-takes-limited-oversight-of-tusimple-as-foreign-investment-probe-ends

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