Self-driving truck developer TuSimple, which is winding down its Tucson site, vows to meet a Sept. 30 deadline to catch up on filing financial reports to avoid Nasdaq delisting.
David Wichner Self-driving truck developer TuSimple Holdings says it won’t be able to file it second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.
TuSimple, which went through an executive management shakeup last fall and has since laid of most of its employees, including many of its 300 local workers, said it was unable to file the reports on time because it had switched to a new independent auditor. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio TuSimple said it had $871 million in cash and equivalents at the end of third-quarter 2022, down from about $1.3 billion at the end of 2021.
The company had been running paid test loads on autonomous trucks with human monitors aboard along Interstate 10 since 2017, and in 2021 and 2022 the company test-drove more than 500 miles of completely autonomous, “driver-out” test runs between Tucson and Phoenix.
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