Who has invested in TuSimple?
Along with Navistar, TuSimple’s strategic investors include Volkswagen’s (VWAGY -5.32%) heavy-truck business Traton, which is in the process of acquiring Navistar; UPS; Union Pacific; Goodyear; and U.S. Xpress.
Who owns TuSimple holdings?
Top 10 Owners of TuSimple Holdings Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| ARK Investment Management LLC | 6.53% | 13,015,936 |
| The Vanguard Group, Inc. | 4.38% | 8,738,162 |
| Capital Research & Management Co…. | 3.40% | 6,775,206 |
| Nikko Asset Management Americas. | 2.80% | 5,574,932 |
Is TuSimple a private company?
TuSimple was the first autonomous vehicle company to go public, completing an IPO last year that generated $1 billion to help fund development of its technology.
How big is TuSimple?
TuSimple has grown to 1,500 employees and counts 6,775 nonbinding reservations for the long-haul autonomous LT model.
Is TuSimple a good investment?
TuSimple has received a consensus rating of Buy. The company’s average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Does TuSimple have revenue?
Total revenue was $2 million in Q4 2021, up 178% year over year. The fiscal year 2021 revenue increased 240% year over year to $6 million. Revenue increased 15% sequentially from Q3 2021 to Q4 2021.
How many employees does TuSimple have?
Company Growth (employees)
| Employees (est.) (Dec 2021) | 1,100 | (+32%) |
|---|---|---|
| Job Openings | 95 | |
| Website Visits (Mar 2022) | 41.2 k | |
| Revenue (FY, 2020) | $1.8 M | (+160%) |
| Share Price (Jun 2022) | $7.5 | (-6%) |
Is TuSimple a US company?
The context: TuSimple resides in a unique position as a U.S. based startup with major Chinese financial backing. The firm has walked this fine line by designing driverless trucks to meet specific market demands. Its China operations focus on automated trucks at port facilities.
Is TuSimple a buy now?
Are TuSimple trucks Electric?
“Battery electric powertrains are not in the current scope of the TuSimple project,” a Navistar spokesperson told CCJ. TuSimple’s SAE Level IV autonomous system uses LiDAR, radar and HD cameras to provide a 360-degree view that extends up to nearly two-thirds of mile from the truck.
Is TuSimple a Chinese company?
Founded by two veteran Chinese entrepreneurs, TuSimple employs around 500 people and holds several patents in China.
Is TuSimple a good company?
Is TuSimple a good company to work for? TuSimple has an overall rating of 3.7 out of 5, based on over 245 reviews left anonymously by employees. 61% of employees would recommend working at TuSimple to a friend and 51% have a positive outlook for the business. This rating has decreased by -15% over the last 12 months.
Is TuSimple a startup?
Robot Truck Startup TuSimple Raises $1 Billion In First Self-Driving Startup IPO. I follow technology-driven changes that are reshaping transportation. San Diego-based TuSimple is the first self-driving tech company to go public in the U.S.
Why is TuSimple stock down?
Shares of TuSimple Holdings (NASDAQ: TSP) were trading lower on Monday afternoon amid a broad-based sell-off driven by concerns about rising interest rates. As of 1:45 p.m. ET, TuSimple’s shares were down about 10.3% from Friday’s closing price.
Does TuSimple have a future?
TuSimple recently announced a delay to full production until 2025, as it will use retrofitted trucks to hit commercialization targets in 2024. TuSimple continues to expand its AFN with partnerships and has logged over 7,400 reservations, testifying to the validity of its tech.
Is plus AI a Chinese company?
Plus.ai Company Profile Headquartered in Silicon Valley with R&D offices in China, it was founded in 2016 by a group of serial entrepreneurs and industry veterans with over 20 years of experience in high tech and artificial intelligence.
Can I invest in TuSimple?
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Is TuSimple a buy?
Who is making driverless trucks?
Last year, Tesla revealed plans for its own autonomous truck called Semi, which relies on battery power and has a range of up to 500 miles. Meanwhile, Daimler, one of the world’s largest trucking companies, has announced a $573 million investment in self-driving trucks.
How many TuSimple trucks are there?
6,875 trucks
As of mid-December, DHL Supply Chain has reserved 100 of these autonomous trucks to integrate into its operations, bringing TuSimple’s total reservations order to 6,875 trucks.
When will TuSimple’s autonomous trucks be commercial?
(Photo: TuSimple) TuSimple is delaying commercialization of its purpose-built autonomous trucks until 2025 while relying on retrofits of existing Navistar equipment to expand driverless routes from Arizona into Texas.
Is TuSimple about to sell its China Business?
Autonomous trucking startup TuSimple Holdings Inc , backed by Chinese social media firm Sina Corp , is looking to sell its business in China and focus on the U.S. market, sources said.
What is the TuSimple autonomous freight network?
Introducing the TuSimple Autonomous Freight Network (AFN), an expanding transportation network allowing freight to be moved from point to point safely and reliably using autonomous trucks.
Can TuSimple trucks pull over on their own?
TuSimple trucks are able to locate and pull over to the side of the road on their own without any human involvement. That is one of several safety requirements before the trucks can go it alone. Will TuSimple spin off its China business?