Automated trucking company TuSimple files for IPO

April 02, 2021
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by Lewie Roberts
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TuSimple is developing Level 4 autonomous trucks and has operations and investments in both the U.S. and China. While there are some potential complications that may arise from its cross-U.S. and China investments, the most interesting point of the filing is the cost of its operations. With 50 trucks in the U.S. and 20 in China, the company incurred a loss from operations of "$177.9 million in 2020, more than double the loss of $84.8 million incurred in the previous year." Its 2020 revenue reached $1.8 million. Obviously, every autonomous vehicle (AV) group is different, but clients should use these data points for making estimations and for comparison of other AV companies.

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