Connect with us

Hi, what are you looking for?

Investing

Autonomous trucking company TuSimple seeks deal for U.S. business

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 adviser to explore potential deals. If a sale goes through, TuSimple would keep Asia-Pacific operations and in other “major” global markets, it said. The stock fell more than 2% in the extended session after ending the regular trading day up 3.1%. Shares of Aurora Innovation Inc.
AUR,
+0.78%,
another autonomous driving company, dropped 0.8% in the aftermarket.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

News

This article was written by Follow Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...

News

This week’s Fed meeting is extraordinary, and it could shock investors in a way we haven’t seen since 2008. So, I’m doing the weekly...

Videos

Watch full video on YouTube