NEWS COMMENTARY

Automated trucking company TuSimple files for IPO

Published:
April 02, 2021
Services:
CPG More...
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Asset Management More...
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Other financial
by Lewie Roberts
Average importance

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.

For the original news article, click here .


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