TuSimple Holdings

TuSimple Holdings, Inc. engages in the operation and development of autonomous trucks. It develops autonomous technology specifically designed for semi-trucks, which build the autonomous freight network in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company was founded by Mo Chen and Xiao Di Hou in 2015 and is headquartered in San Diego, CA.

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TuSimple Holdings, Inc. engages in the operation and development of autonomous trucks. It develops autonomous technology specifically designed for semi-trucks, which build the autonomous freight network in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. It operates through the USA and Asia Pacific geographical segments. The company was founded by Mo Chen and Xiao Di Hou in September 2015 and is headquartered in San Diego, CA.

NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (“Steel”) and Camac Partners LLC (“Camac”), which together with their affiliates are shareholders of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter they sent to the Company's Board of Directors (the “Board”) proposing to acquire all outstanding shares of Class A and Class B common stock of TuSimple that they do not currently own for $0.46 per share. The full text of the letter is below. Novemb.

Steel Partners and Camac Partners Send Letter to TuSimple Proposing to Acquire Company for $0.46 per Share in Cash

Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed.

TuSimple co-founder demands liquidation, sues company for control of his shares

HOUSTON--(BUSINESS WIRE)--Dr. Xiaodi Hou, co-founder and largest investor of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), sent a letter to the Company's Board of Directors. The full letter is below: November 25, 2024 TuSimple Holdings Inc. 9191 Towne Centre Drive, Suite 150 San Diego, CA 92122 Attn: Board of Directors Dear Members of the Board, As a founder who invested seven years building TuSimple Holdings Inc. (“TuSimple” or the “Company”) and its largest shareholder.

TuSimple Co-Founder and Largest Investor Sends Letter to the Board of Directors Demanding Immediate Liquidation of the Company

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Kahn Swick & Foti, LLC regarding the TuSimple Securities Settlement: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA AUSTIN DICKER, Individually and on Behalf of All Others Similarly Situated,                                              Plaintiff,                   vs.   TUSIMPLE HOLDINGS, INC., et al.,                                              Defendants.     Cas.

Robbins Geller Rudman & Dowd LLP and Kahn Swick & Foti, LLC Announce Proposed Settlement in the TuSimple Securities Settlement

TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal morass mere weeks after reaching a preliminary settlement in a class action lawsuit.

A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation

TuSimple has signed a partnership with Shanghai Three Body Animation to develop the first animated feature film and video game based on the Hugo Award-winning science fiction novel series "The Three-Body Problem." Leveraging its existing capabilities, TuSimple's newly created business segment will focus on generative AI applications in animation and video games.

TuSimple Expands into Generative AI for Animation and Video Games with "The Three-Body Problem" Partnership

NEW YORK--(BUSINESS WIRE)--Camac Partners, LLC (together with its affiliates, “Camac”), a 5.6% shareholder of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter it recently sent to the Company's Board of Directors (the “Board”). *** May 30, 2024 TuSimple Holdings Inc. Attn: The Board of Directors Dear TuSimple Board of Directors, We are a major independent shareholder of TuSimple, owning approximately 5.6% of the Company. In our view, maintaining the C.

Camac Partners Calls on TuSimple to Take Long Overdue Step of Monetizing Remaining Assets and Returning Capital to Shareholders

SAN DIEGO , May 29, 2024 /PRNewswire/ -- TuSimple Holdings Inc. (OTCMKTS: TSPH) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced it has reached a settlement agreement with the Committee on Foreign Investment in the United States ("CFIUS") relating to events that occurred in 2022. These events include the temporary vacancies in the security director position and on the board's government security committee (reconstituted on January 5, 2023), and whether certain covered intellectual property was transferred contrary to the national security agreement.

TuSimple Reaches Settlement Agreement With the Committee on Foreign Investment in the United States

SAN DIEGO , May 6, 2024 /PRNewswire/ -- TuSimple Holdings Inc. (OTCMKTS: TSPH) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced the appointment of Albert Schultz and Jianan Hao to its Board of Directors. Schultz, an independent director, brings extensive experience from his roles at the CIA and as an entrepreneur.

TuSimple Appoints Two New Directors to its Board of Directors

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Nvidia's biggest recent investments were in Arm Holdings and Recursion Pharmaceuticals. The big chipmaker also bought shares of Nano-X Imaging, Soundhound AI, and TuSimple Holdings.

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Shares of Smaller AI Firms Rise After Nvidia Discloses Investments

TuSimple's shares fell 55% early Wednesday after the company said it planned to voluntarily delist from the Nasdaq and deregister its shares with the Securities and Exchange Commission (SEC). The San Diego, California-based autonomous driving technology company said a special board committee comprising non-executive directors had concluded the delisting and deregistration was in the best interest of the company and its stockholders.

TuSimple shares slump on Nasdaq delisting due to shifting investor sentiment

Chinese autonomous trucking startup TuSimple will delist itself from the Nasdaq stock exchange as it moves forward with its plan to fully exit the U.S. market.

TuSimple is leaving the Nasdaq as it exits the US

TuSimple Holdings said it has decided to voluntarily delist from the Nasdaq and terminate its registration with the U.S. securities regulator, sending the autonomous driving technology company's shares down 40% in premarket trading.

Self-driving tech firm TuSimple plans to delist from Nasdaq

SAN DIEGO , Jan. 17, 2024 /PRNewswire/ -- TuSimple (Nasdaq: TSP) (the "Company") today announced its decision to voluntarily delist the Company's common stock from The Nasdaq Stock Market LLC ("Nasdaq") and to terminate the registration of its common stock with the Securities and Exchange Commission (the "SEC"). The decision to delist and deregister was made by a Special Committee (the "Special Committee") of the Board of Directors (the "Board") of the Company, comprised solely of independent directors.

TuSimple Announces Intention to Delist from Nasdaq

Ten of TuSimple's autonomous big rigs are set to be auctioned off later this month, just a few weeks after the self-driving trucking startup that went public in 2021 announced it was exiting the U.S. market.

TuSimple's self-driving trucks up for auction following U.S. exit

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Cruise faces fines, TuSimple exits the U.S. and a new reporter joins the TC transpo team

Autonomous trucking company TuSimple is laying off most of its U.S. staff and winding down its operations in the country. The company is reducing its U.S. workforce by about 150 employees, which is 75% of its U.S. staff and 19% of its global workforce, TuSimple said in a Monday (Dec.

Autonomous Trucking Company TuSimple Begins Winding Down Operations in US

Restructuring plans can be beneficial for companies and investors but three in the space of a year is never a good sign.

TuSimple's Cutting More Jobs. Why It's More Gloom for the Self-Driving Truck Start-Up.

Autonomous-truck company TuSimple Holdings Inc. is winding down its U.S. operations and slashing its workforce following a tumultuous year.

Autonomous-truck company TuSimple to wind down U.S. operations, slash jobs

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 to progress across multiple L4 use cases and testing capabilities in our APAC business performed in close collaboration with OEMs.

TuSimple Announces Third Quarter 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 Operations of $178.0 million and AEBITDA loss of $134.4 million for the six months ended June 30, 2023.

TuSimple Announces First Half 2023 Results

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News for TuSimple Holdings Stock (TSP)