NEWS COMMENTARY

Automated trucking company TuSimple files for IPO

Published:
April 02, 2021
Services:
CPG More...
Priorities:
Asset Management More...
Activities:
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 .


Further Reading

Another multibillion-dollar funding round adds to Rivian's massive war chest

News Commentary | January 22, 2021

Rivian's $2.65 billion funding round comes just six months after the company raised $2.5 billion from mostly the same investors. Rivian is the most well‑funded BEV startup at this point, as it has raised a total of roughly $8 billion dollars, include raising more than $2 billion in 2019, 2020, and ... To read more, click here.

Investment trends: Automated trucks

Analyst Insight | February 04, 2022

As we highlighted in our technology landscape, commercial trucking is a promising early implementation area of automated driving technology. This is because of the relative ease of operating on highways compared with urban areas, successful implementations in closed settings like warehouses, and the... Not part of subscription

Electric Vehicles

Technology | February 23, 2022

Vehicles powered by electric motors instead of combustion engines, sourcing electricity from fuel cells, batteries, or other energy storage devices. Not part of subscription