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.

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.

Analysis: Normally transparent TuSimple bungles leadership change, rattling investors

The San Diego-based developer of robot truck technology unexpectedly said cofounder and CTO Xiaodi Hou, who dreamed up the company and created its core technology, was replacing Cheng Lu as CEO and chairman.

TuSimple Shares Plunge After Robot Truck Company Spooks Market With CEO Shakeup

TuSimple Holdings Inc's (NASDAQ: TSP) Co-Founder and CTO Xiaodi Hou succeeds Cheng Lu as President and Chief Executive Officer and Mo Chen as Chairman of the Board, effective today. Lu will serve as an Advisor until March 2023 to ensure an effective transition.

TuSimple Names Xiaodi Hou As CEO, Chairman

SAN DIEGO , March 3, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP) today announced its executive leadership succession plan. TuSimple Co-Founder and CTO Xiaodi Hou will succeed Cheng Lu as President and Chief Executive Officer and succeed Mo Chen as Chairman of the Board, effective today.

TuSimple Announces CEO and Chairman Succession Plan

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.

US takes limited oversight of TuSimple as foreign investment probe ends

TuSimple Holdings, Inc. (TSP) CEO Cheng Lu on Q4 2021 Results - Earnings Call Transcript

SAN DIEGO, Feb. 9, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global self-driving technology company based in San Diego, California, has released unaudited financial results for the fourth quarter ending December 31, 2021. TuSimple's complete quarterly financial results and management commentary can be accessed through the company's shareholder letter on the quarterly results page of the investor relations website at ir.tusimple.com.

TuSimple Announces Fourth Quarter 2021 Results

TuSimple's (TSP) fourth-quarter 2021 earnings are expected to have improved sequentially.

What's in the Offing for TuSimple (TSP) in Q4 Earnings?

Union Pacific

TuSimple, which conducted its first driverless freight run in late December, is moving up its autonomous trucking commercialization plans to late 2023, including intermodal operations with Union Pacific in the Port of Tucson in Arizona this spring. San Diego-based TuSimple Holdings (NASDAQ: TSP) said Tuesday it has completed seven trips of about 80 miles each with no one in the cab from the Port of Tucson to the Phoenix area.

TuSimple will haul ‘driver out' intermodal freight loads for Union Pacific

The freight rail giant will be the first customer to use TuSimple's automated trucking network between Tucson and Phoenix, Arizona.

TuSimple To Haul Freight For Union Pacific In ‘Driver Out' Robot Trucks

SAN DIEGO, Feb. 2, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, today announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple's fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the freight shipment and support seamless movement between rail and the critical first and last mile.

TuSimple Automates Nation's First Trucking Lane in Arizona, Will Haul Driver Out Freight for Union Pacific Railroad

TuSimple Holdings Inc (NASDAQ: TSP) collaborated with Hillwood, an industrial and commercial real estate developer, to integrate its infrastructure specifications into current and future industrial and commercial properties. With the expansion of the TuSimple Autonomous Freight Network, Hillwood is actively preparing to meet the demand for autonomous trucks by getting properties ready for autonomous trucking operations.

Hillwood Selects TuSimple To Facilitate Autonomous Trucking Operations

The roads are mostly mapped for TuSimple to drive autonomously in Texas. Now it is up to commercial property developers to get ready for driverless trucks to come and go from warehouses.

TuSimple, property developer team up to boost autonomous trucking in Texas

SAN DIEGO, Jan. 25, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, and Hillwood, one of the largest industrial and commercial real estate developers in the country, announced a collaboration today to integrate TuSimple's infrastructure specifications into current and future industrial and commercial properties. With the expansion of the TuSimple Autonomous Freight Network, Hillwood is actively preparing to meet the demand for autonomous trucks by getting properties ready for autonomous trucking operations, starting with a million square foot state-of-the-art facility built within its 27,000-square-acre AllianceTexas development.

Real Estate Developer Hillwood Selects TuSimple to Help Prepare Facilities for Autonomous Trucking Operations

SAN DIEGO, Jan. 19, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP) will release its fourth-quarter 2021 financial results on Wednesday, February 9, 2022, after the market close. Following the release via the wire services, TuSimple will host a conference call at 2 p.m.

Join TuSimple Fourth Quarter 2021 Results and Conference Call, February 9, 2022

KeyBanc analyst Todd Fowler initiated TuSimple Holdings Inc (NASDAQ:TSP) with an Overweight rating and a price target of $50, implying an upside of 81%. Fowler believes fully autonomous capabilities represent a "must-have" technology for the for-hire trucking industry, given the potential to lower the cost to serve and improve asset utilization.

KeyBanc Sees 81% Upside In This Autonomous Driving Technology Company

Investors are worried about rising interest rates, but there was also some actual news.

Why TuSimple Stock Is Lower Today

NVIDIA

TuSimple Holdings (NASDAQ: TSP), a global autonomous driving technology company, has expanded collaboration with NVIDIA Corp (NASDAQ: NVDA). The companies bonded to design and develop an advanced autonomous domain controller (ADC) engineered explicitly for TuSimple's Level 4 autonomous trucking applications.

Nvidia Extends TuSimple Partnership For Autonomous Trucking; Showcases Omniverse Plans

SAN DIEGO, Jan. 4, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, has expanded its ongoing partnership with NVIDIA to design and develop an advanced autonomous domain controller (ADC) specifically engineered for TuSimple's Level 4 autonomous trucking applications. The ADC design will incorporate the NVIDIA DRIVE Orin system-on-a-chip (SoC), which is specifically designed for AI-based autonomous driving applications.

TuSimple Develops Autonomous Domain Controller Using NVIDIA DRIVE Orin to Bring Level 4 Autonomous Trucking to Market at Scale

TuSimple Holdings Inc on Tuesday said it has partnered with Nvidia Corp to use the company's vehicle chips to design and build an advanced autonomous driving computer for its self-driving trucks.

Self-driving truck company TuSimple to use Nvidia chips for autonomous computing

Autonomous trucking company TuSimple is preparing to scale its self-driving tech with the help of Nvidia's newest system-on-a-chip (SoC), Drive Orin, the company announced at CES. The chip, which is specifically made for autonomous applications, will provide the robust, compact, energy efficient and auto-grade compute power necessary to accelerate TuSimple's race to get its self-driving […]

TuSimple integrates Nvidia's newest auto-grade chip to scale autonomous trucking

As they gathered around a video screen tracking progress of Ghost Rider — the first Class 8 truck with no human driver — navigating its way west toward Phoenix from Tucson, Arizona, TuSimple executives found themselves speechless. “I mean, we had to kind of take in that moment,” TuSimple President and CEO Cheng Lu told FreightWaves.

TuSimple watch party for driverless Ghost Rider feat left executives speechless

Today, investors in TuSimple and TSP stock are seeing rather impressive declines, despite the first ever fully autonomous class 8 drive. The post TSP Stock Alert: What Is Going on With TuSimple Today?

TSP Stock Alert: What Is Going on With TuSimple Today?

TuSimple Hldgs (NASDAQ: TSP) is trading lower Wednesday after the company announced it successfully completed the world's first fully autonomous semi-truck run on open public roads without a human in the vehicle and without human intervention.  The stock was initally surging in premarket trading before pulling back and turning negative.

What's Going On With TuSimple Shares Today?

SAN DIEGO, Dec. 29, 2021 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, successfully completed the world's first fully autonomous semi-truck run on open public roads without a human in the vehicle and without human intervention. The run took place on December 22 nd and required TuSimple's upfitted autonomous semi-truck to begin its journey from a large railyard in Tucson, Arizona, and travel more than 80 miles on surface streets and highways at night, safely arriving at a high-volume distribution center in the Phoenix metro area.

News for TuSimple Holdings Stock (TSP)