TuSimple Holdings Inc. (TSP)
|Net Income (ttm)||-359.07M|
|Day's Range||0.820 - 0.950|
|52-Week Range||0.750 - 2.890|
|Price Target||1.60 (+70.25%)|
|Earnings Date||Nov 9, 2023|
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]
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
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.
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 ...
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...
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 ...
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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.
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.
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...
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...
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...
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...
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. ...
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...
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 ...
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 ...
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...
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...
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 ...
More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.
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.
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.
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...
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.
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...
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.
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.