TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. 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 Connect, a cloud-based autonomous operations oversight system. The company was founded in 2015 and is based in San Diego, California.
IPO Year: 2021
Exchange: NASDAQ
Website: tusimple.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2023 | $1.50 → $0.70 | Hold → Reduce | HSBC Securities |
| 2/17/2023 | $15.90 → $2.20 | Buy → Hold | HSBC Securities |
| 2/16/2023 | $2.20 | Buy → Hold | HSBC Securities |
| 11/11/2022 | Buy → Hold | Truist | |
| 11/1/2022 | Outperform → Perform | Oppenheimer | |
| 11/1/2022 | Overweight → Underweight | JP Morgan | |
| 10/31/2022 | Outperform → Neutral | Robert W. Baird | |
| 10/31/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/31/2022 | $13.00 → $2.00 | Buy → Sell | Citigroup |
| 10/31/2022 | Overweight → Neutral | Piper Sandler |
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 Japan's most critical freight corridor that connects the major cities of Tokyo, Nagoya, and Osaka. In 2021, TuSimple Japan, a subsidiary of TuSimple, completed a series of safety validation and testing work of its autonomous driving system with a local Japanese OEM's truck. In January 2023, TuSimple Japan commenced regular testing on the Tomei Expressway. Japan's freight industry faces a serious challenge of driver shortage and aging population. Japan's Ministry of Internal Affairs and Communicati
SAN DIEGO, March 15, 2023 /PRNewswire/ -- TuSimple Holdings Inc. (NASDAQ:TSP) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced the appointment of J. Tyler McGaughey and Zhen Tao to its Board of Directors as independent directors. Mr. McGaughey will be responsible for overseeing the Company's compliance with federal government legal and regulatory requirements. Mr. McGaughey is a partner at a law firm in Washington, D.C. and has vast experience in the federal government across national security-related roles, including at the U.S. D
SAN DIEGO, March 2, 2023 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, announced today that the Federal Motor Carrier Safety Administration (FMCSA) closed its investigation into the previously disclosed incident from April 6, 2022 where a TuSimple truck made contact with a concrete median divider in Tucson, Arizona. The incident resulted in no injuries. After timely reporting of the April 6th incident, the Company responded to several requests from the FMCSA, and the investigation concluded without any penalties brought against the Comp
SAN DIEGO, Feb. 9, 2023 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, announced today that Evan Dunn has been promoted to serve as the company's General Counsel. The position oversees TuSimple's legal department, including compliance, corporate governance, litigation and intellectual property. Mr. Dunn replaces Susan Marsch who held the position on an interim basis since September 2022. Prior to his promotion, Mr. Dunn wasTuSimple's Deputy General Counsel and Corporate Secretary. Prior to joining TuSimple, he held a similar role as Depu
SAN DIEGO, Jan. 17, 2023 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, announced today that independent board members James Lu and Wendy Hayes were appointed to serve on TuSimple's Government Security Committee after receiving a non-objection from the Committee on Foreign Investment in the United States (CFIUS). With this news, all three independent members of TuSimple's board now sit on its Government Security Committee, having cleared extensive background checks and vetting by the federal government. The Government Security Committee
Government Security Director appointed with notice of non-objection by Committee on Foreign Investment in the United States (CFIUS)Reconstitution of the Audit Committee, satisfying NASDAQ's requirement for an independent audit committeeEric Tapia appointed Chief Financial OfficerSAN DIEGO, Dec. 16, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, today announced additional independent appointments to its Board of Directors – including a new Government Security Director, Michael Mosier, and an Audit Committee Chair, Wendy Hayes. Michae
SAN DIEGO, Dec. 12, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, today announced the appointment of James Lu to its Board of Directors as an Independent Director. Lu brings more than 20 years of experience in the technology sector as a seasoned entrepreneur, executive, and investor. Lu serves as the Chairperson of Grindr, the world's largest LGBTQ social dating application. In addition, Mr. Lu is Director, Chairman and Chief Executive Officer of Life Concepts Holdings Limited, an investment company mainly engaged in restaurant ope
SAN DIEGO and LISLE, Ill., Dec. 5, 2022 /PRNewswire/ -- In a joint announcement, today TuSimple (NASDAQ:TSP) and Navistar announced an end to their co-development under the 2020 Joint Development Agreement. The decision to end the development agreement does not preclude the companies from working together in the future. "I decided to return as TuSimple's CEO to address the challenges ahead and to set us on a path to long term stability. We have proven our technology works, and I'm committed to addressing the concerns of stakeholders. I firmly believe in this company and its ab
SAN DIEGO, Nov. 10, 2022 /PRNewswire/ -- (NASDAQ:TSP) TuSimple today announced the appointment of a permanent Chief Executive Officer and changes to its Board of Directors. The Company announced that Cheng Lu is returning to TuSimple as Chief Executive Officer and President of the Company. Mr. Lu previously served as CEO from September 2020 to March 2022, a period of important milestones for TuSimple including the launch of the Autonomous Freight Network (AFN), key partnership deals and a successful IPO. Mr. Lu replaced Dr. Ersin Yumer, TuSimple's Executive Vice President of
Announced senior leadership changesContinued focus on safety, announcing 3rd party auditsExpanded AFN in Texas with two new terminals Powered Europe's first fully autonomous transport of commercial goodsContinued upgrading the hardware of our trucks to improve reliabilityExpanded Tucson operations, enabling us to increase our truck upgrade capacity as well as design and test proprietary components Combined testing and revenue fleet to offer one cohesive mode of operationSurpassed 9 million autonomous miles during the quarter, another major industry milestoneSAN DIEGO, Oct. 31, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California,
Announced senior leadership changesContinued focus on safety, announcing 3rd party auditsExpanded AFN in Texas with two new terminals Powered Europe's first fully autonomous transport of commercial goodsContinued upgrading the hardware of our trucks to improve reliabilityExpanded Tucson operations, enabling us to increase our truck upgrade capacity as well as design and test proprietary components Combined testing and revenue fleet to offer one cohesive mode of operationSurpassed 9 million autonomous miles during the quarter, another major industry milestoneSAN DIEGO, Oct. 31, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California,
SAN DIEGO, Oct. 12, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP) will release its third-quarter 2022 financial results on Tuesday, November 1, 2022, after the market close. Following the release via the wire services, TuSimple will host a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). What: TuSimple Q3 2022 Earnings Conference CallWhen: Tuesday, November 1, 2022Time: 2 p.m. PDT/ 5 p.m. EDT The conference call will be webcast live on TuSimple's Investor Relations website at ir.tusimple.com. Those parties interested in participating via telephone may register on the
Announced leadership changes with the addition of two key positions as we continue transitioning from testing to commercialization and, ultimately wide deployment of autonomous trucking technologyExpanded our patent portfolio with 37 new patents as we continue to focus on technologies to support efficient commercial AV operationsAnnounced our partnership with global logistics leader, Hegelmann GroupEnhanced our government affairs and advocacy effortsUpdated 2022 adjusted EBITDA, stock-based compensation, CapEx and ending cash balance guidanceSAN DIEGO, Aug. 2, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California, has released una
SAN DIEGO, July 15, 2022 /PRNewswire/ -- TuSimple (NASDAQ: TSP) will release its second-quarter 2022 financial results on Tuesday, August 2, 2022, after the market closes. Following the release via the wire services, TuSimple will host a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). What: TuSimple Q2 2022 Earnings Conference CallWhen: Tuesday, August 2, 2022Time: 2 p.m. PDT/ 5 p.m. EDT The conference call will be webcast live on TuSimple's Investor Relations website at ir.tusimple.com. Those parties interested in participating via telephone may register on the
SAN DIEGO, April 12, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company based in San Diego, California, today announced that it will release its first-quarter 2022 financial results on Tuesday, May 3, 2022, after the market closes. Following the release via the wire services, TuSimple will host a conference call at 5 p.m. Eastern. Additionally, TuSimple will host its 2022 Investor Day in Tucson, Arizona on Wednesday, May 11 at 3:30 p.m. Eastern. At this event, analysts and investors will have the opportunity to hear from TuSimple's mana
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. "In our first year as a publicly-traded company, we achieved all of our key 2021 milestones, including an industry-first, 80-mile, terminal to
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. Pacific Time (5 p.m. Eastern Time). A replay of the call will be available at ir.tusimple.com. What: TuSimple Q4 2021 Earnings Conference CallWhen: Wednesday, February 9, 2022Time: 2 p.m. PST/ 5 p.m. EST To Listen via Telephone:Conference Topic: TuSimple Q4 2021 Earnings Conference CallConference ID: 9580979US/CANAD
SAN DIEGO, Nov. 3, 2021 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California, today announced unaudited financial results for the third quarter period ended September 30, 2021. TuSimple's complete quarterly financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of the investor relations website at ir.tusimple.com. "Our focus is paying off, and we are pleased with our performance in the third quarter, with several important commercial and techn
SAN DIEGO, Oct. 13, 2021 /PRNewswire/ -- TuSimple (NASDAQ:TSP) will release its third quarter 2021 financial results on Wednesday, November 3, 2021, after the market close. Following the release via the wire services, TuSimple will host a conference call beginning at 2 p.m. Pacific Time (5 p.m. Eastern Time), which can be accessed at ir.tusimple.com, where a replay will be made available. What:TuSimple Q3 2021 Earnings Conference Call When:Wednesday, November 3, 2021 Time:2 p.m. Pacific Time (5 p.m. Eastern Time) To Listen via Telephone:North America (toll-free): +1 (888)
SAN DIEGO, Aug. 5, 2021 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global self-driving technology company based in San Diego, California, today announced unaudited financial results for the second quarter period ended June 30, 2021. TuSimple's complete quarterly financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of the investor relations website at ir.tusimple.com. "TuSimple showed strong progress in Q2 2021 by focusing on key initiatives that support our long-term plans to launch the first autonom
SAN DIEGO, March 15, 2023 /PRNewswire/ -- TuSimple Holdings Inc. (NASDAQ:TSP) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced the appointment of J. Tyler McGaughey and Zhen Tao to its Board of Directors as independent directors. Mr. McGaughey will be responsible for overseeing the Company's compliance with federal government legal and regulatory requirements. Mr. McGaughey is a partner at a law firm in Washington, D.C. and has vast experience in the federal government across national security-related roles, including at the U.S. D
Government Security Director appointed with notice of non-objection by Committee on Foreign Investment in the United States (CFIUS)Reconstitution of the Audit Committee, satisfying NASDAQ's requirement for an independent audit committeeEric Tapia appointed Chief Financial OfficerSAN DIEGO, Dec. 16, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, today announced additional independent appointments to its Board of Directors – including a new Government Security Director, Michael Mosier, and an Audit Committee Chair, Wendy Hayes. Michae
SAN DIEGO, Dec. 12, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, today announced the appointment of James Lu to its Board of Directors as an Independent Director. Lu brings more than 20 years of experience in the technology sector as a seasoned entrepreneur, executive, and investor. Lu serves as the Chairperson of Grindr, the world's largest LGBTQ social dating application. In addition, Mr. Lu is Director, Chairman and Chief Executive Officer of Life Concepts Holdings Limited, an investment company mainly engaged in restaurant ope
SAN DIEGO, Nov. 10, 2022 /PRNewswire/ -- (NASDAQ:TSP) TuSimple today announced the appointment of a permanent Chief Executive Officer and changes to its Board of Directors. The Company announced that Cheng Lu is returning to TuSimple as Chief Executive Officer and President of the Company. Mr. Lu previously served as CEO from September 2020 to March 2022, a period of important milestones for TuSimple including the launch of the Autonomous Freight Network (AFN), key partnership deals and a successful IPO. Mr. Lu replaced Dr. Ersin Yumer, TuSimple's Executive Vice President of
SAN DIEGO , April 28, 2022 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a global autonomous driving technology company, announced changes to the composition of the Board of Directors. On April 23, 2022, the TuSimple Board of Directors appointed Reed Werner to fill a vacancy on the Board, and announced that Mo Chen, co-founder and Board of Directors member, has decided not to stand for re-election. Chen will fulfill his tenure on the Board through the annual meeting. Additionally, TuSimple announced that current Director Brad Buss has been appointed Lead Independent Director of the Board.
SAN DIEGO, Oct. 19, 2021 /PRNewswire/ -- TuSimple (NASDAQ:TSP), a San Diego-based global self-driving technology company, today announced the appointment of Michelle Sterling to its Board of Directors as an Independent Director. Sterling will also serve as Chairperson of its Compensation Committee. Sterling is the former Executive Vice President of Human Resources and Chief Human Resources Officer for Qualcomm, the world's leading wireless communications technology company. Throughout her 25-year tenure with the company, Sterling led Qualcomm's 33,000 employees through complex
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HSBC Securities downgraded TuSimple Holdings from Hold to Reduce and set a new price target of $0.70 from $1.50 previously
HSBC Securities downgraded TuSimple Holdings from Buy to Hold and set a new price target of $2.20 from $15.90 previously
HSBC Securities downgraded TuSimple Holdings from Buy to Hold and set a new price target of $2.20
Truist downgraded TuSimple Holdings from Buy to Hold
Oppenheimer downgraded TuSimple Holdings from Outperform to Perform
JP Morgan downgraded TuSimple Holdings from Overweight to Underweight
Robert W. Baird downgraded TuSimple Holdings from Outperform to Neutral
KeyBanc Capital Markets downgraded TuSimple Holdings from Overweight to Sector Weight
Citigroup downgraded TuSimple Holdings from Buy to Sell and set a new price target of $2.00 from $13.00 previously
Piper Sandler downgraded TuSimple Holdings from Overweight to Neutral
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