TuSimple Holdings Inc. (TSP)

NASDAQ: TSP · IEX Real-Time Price · USD
+0.089 (10.43%)
At close: Dec 1, 2023, 4:00 PM
+0.010 (1.09%)
Pre-market: Dec 4, 2023, 6:16 AM EST
Market Cap 216.05M
Revenue (ttm) 2.17M
Net Income (ttm) -359.07M
Shares Out 229.89M
EPS (ttm) -1.59
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,950,853
Open 0.850
Previous Close 0.851
Day's Range 0.820 - 0.950
52-Week Range 0.750 - 2.890
Beta 0.89
Analysts Sell
Price Target 1.60 (+70.25%)
Earnings Date Nov 9, 2023

About TSP

TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and Asia-Pacific region. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definition digital mapped routes, terminals, and TuSimple ... [Read more]

Industry Trucking
Sector Industrials
IPO Date Apr 15, 2021
Employees 1,058
Stock Exchange NASDAQ
Ticker Symbol TSP
Full Company Profile

Financial Performance

In 2022, TSP's revenue was $9.37 million, an increase of 49.64% compared to the previous year's $6.26 million. Losses were -$472.05 million, -35.93% less than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for TSP stock is "Sell." The 12-month stock price forecast is $1.6, which is an increase of 70.25% from the latest price.

Price Target
(70.25% upside)
Analyst Consensus: Sell
Stock Forecasts


TuSimple Announces Third Quarter 2023 Results

Business Highlights Released the results of a fuel efficiency study in the U.S. comparing over 30,000 miles of autonomous and manually driven miles that resulted in efficiency gains of 11%. Continued ...

24 days ago - PRNewsWire

TuSimple Announces First Half 2023 Results

Financial Highlights Restructured the company's operations with the aim to better align capital spending with overall industry readiness and incurred charges of $10.4 million. Reported Loss from Opera...

2 months ago - PRNewsWire

TuSimple Announces Fourth Quarter 2022 Results and Business Updates

Business Highlights Company continued to advance L4 autonomous technology and capabilities globally. Global patent portfolio increased 34%, from the beginning of 2022 until the ending of 2022, at 519 ...

3 months ago - PRNewsWire

Top 5 Industrials Stocks That Could Lead To Your Biggest Gains In September - Alaska Air Gr (NYSE:ALK), American Airlines Group (NASDAQ:AAL)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: AALALKLHXPBI
3 months ago - Benzinga

TuSimple Receives Expected Notice from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

The notice is part of the compliance plan previously approved by Nasdaq. TuSimple intends to file the other delayed reports on or before the compliance date.

3 months ago - PRNewsWire

TuSimple's Nasdaq delisting threat delayed

TuSimple Holdings has won a delay until Sept. 30 to file delinquent financial reports with the Nasdaq, which is threatening to delist the autonomous trucking software maker from the exchange.

5 months ago - FreightWaves

Autonomous trucking company TuSimple seeks deal for U.S. business

Autonomous trucking company TuSimple Holdings Inc. TSP, +3.13% said late Wednesday it was “evaluating strategic alternatives” for its U.S. business, and has hired Perella Weinberg Partners as an advis...

5 months ago - Market Watch

TuSimple may sell US business as it turns attention to Asia

Self-driving truck developer TuSimple may sell its U.S. business, the company said in a regulatory filing Wednesday. TuSimple, which is on the verge of being delisted from the Nasdaq stock exchange fo...

5 months ago - TechCrunch

TuSimple prepares to exit US autonomous trucking market

Having laid off more than half its U.S. workforce and turned its attention to China, autonomous truck software pioneer TuSimple is taking steps to exit the U.S. market it once led. The move follows mo...

5 months ago - FreightWaves

TuSimple to Explore Strategic Alternatives for its U.S.-based Operations

TuSimple is exploring strategic alternatives for the U.S. business, including a possible sale. If this process results in a sale of TuSimple's U.S. business, TuSimple would remain a global Level 4 aut...

5 months ago - PRNewsWire

TuSimple tests removing human driver from self-driving truck in China

Autonomous trucking company TuSimple last week successfully completed a fully autonomous semi-truck run on public roads in China without a human present in the vehicle and without human intervention. ...

5 months ago - TechCrunch

TuSimple completes 39-mile driverless run in China traffic

Autonomous trucking software developer TuSimple successfully traveled nearly 39 miles on an open public road in China, safely navigating normal traffic. The truck had no human occupant or outside help...

6 months ago - FreightWaves

TuSimple Becomes First to Successfully Operate Driver Out, Fully Autonomous Semi-truck on Open Public Roads in China

SHANGHAI , June 15, 2023 /PRNewswire/ -- TuSimple Holdings, Inc ("TuSimple") (Nasdaq: TSP), a global autonomous driving technology company, today announced it has successfully completed China's first ...

6 months ago - PRNewsWire

TuSimple Among First to Receive Fully Driverless Test License in China

Fully Driverless Test License awarded by Pudong New Area of Shanghai. TuSimple can now conduct SAE Level 4 fully autonomous Driver Out testing in the designated test areas of Yangshan Deep-water Port ...

6 months ago - PRNewsWire

TuSimple has started testing its self-driving truck tech in Japan

TuSimple, a publicly traded company developing self-driving trucks, is doing regular test runs on an expressway in Japan, marking its entrance into the island nation, the company said Tuesday. The tes...

6 months ago - TechCrunch

TuSimple's autonomous trucks commence testing on expressway in Japan

TOKYO , June 5, 2023 /PRNewswire/ -- TuSimple Holdings, Inc. ("TuSimple") (Nasdaq: TSP), a global autonomous driving technology company, today announced it has begun Level 4 autonomous test runs on Ja...

6 months ago - PRNewsWire

A Tesla co-founder returns, TuSimple restructures again and Uber's stickiness strategy

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. It was another busy week in the transportation world and no ...

Other symbols: TSLAUBER
7 months ago - TechCrunch

Spring 2023 Layoff Tracker: TuSimple, USAA, Accenture Cut Hundreds Of Jobs

More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.

Other symbols: ACN
7 months ago - Forbes

TuSimple to lay off 30% of U.S workforce, keep China business

TuSimple, the once high-flying autonomous trucks company that went public in 2021, is restructuring and laying off about 30% of its U.S. workforce as it works to preserve cash and stay in business.

7 months ago - TechCrunch

TuSimple cuts 300 more US jobs, will keep China operations

Autonomous trucking software developer TuSimple is cutting 300 more U.S. jobs — 30% of its global workforce. But it will keep its China operations, reversing a plan to sell or spin them off.

7 months ago - FreightWaves

TuSimple to cut 30% of jobs, face Nasdaq panel in June over delisting notice

Autonomous trucking company TuSimple Holdings Inc. TSP, +31.96% announced Thursday that its board of directors has approved an “additional restructuring plan” that will mean the elimination of 300 job...

7 months ago - Market Watch

TuSimple to restructure US business, lay off 30% staff

TuSimple Holdings Inc said on Thursday that it will restructure its U.S. operations and reduce headcount by 30% as it looks to preserve its balance sheet.

7 months ago - Reuters

TuSimple Holdings Announces Restructuring of U.S. Operations and Provides Update on Asia Pacific Business

Aligning capital spend with overall market conditions and pace of industry readiness Reorganization of U.S. operations and a reduction in force to focus development efforts No longer seeking strategic...

7 months ago - PRNewsWire

TuSimple gets temporary reprieve from Nasdaq delisting

Autonomous trucking company TuSimple's stock shot up 28% Monday after the company narrowly dodged a delisting from the Nasdaq stock exchange. TuSimple's stock closed at $1.06 per share.

7 months ago - TechCrunch

TuSimple stock delisted from Nasdaq due to unfiled financial reports

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.

7 months ago - FreightWaves