A TuSimple shareholder letter alleges “potentially fraudulent activities” as it tries to move ~$450M to China to pivot from self-driving trucks to AI animation
TechCrunch : Threads: @lorakolodny . X: @sokane1 , @techcrunch , and @mattrosoff Threads: Lora Kolodny / @lorakolodny : Whatever happened to TuSimple? They're trying to pivot. https://techcrunch.com...
San Diego-based self-driving trucking company TuSimple plans to shutter its US business, laying off ~150, or 75% of its US staff, and move its business to China
Heather Somerville / Wall Street Journal :
Filing and sources: TuSimple co-founder Xiaodi Hou left the company's board last week after a “whistleblower” shared he was asking staff to join his new venture
Rebecca Bellan / TechCrunch :
TuSimple confirms plans to lay off 25% of its workforce, or an estimated 350 workers, following a rough year for the self-driving trucking company
Rebecca Bellan / TechCrunch :
Sources: TuSimple plans to cut at least half of its workforce next week, or ~700 employees, as the company scales back on building and testing autonomous trucks
Heather Somerville / Wall Street Journal :
Sources: TuSimple plans to cut at least half its workforce, or ~700 employees, next week, as it scales back on building and testing self-driving truck systems
Heather Somerville / Wall Street Journal :
Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock, as the US investigates the self-driving trucking company
Federal authorities continue to investigate entity's relationship with a Chinese startup tied to co-founder Mo Chen Tweets: @kate_okeeffe Tweets: Kate O'Keeffe / @kate_okeeffe : The TuSimple saga has ...
TuSimple's board fires CEO Xiaodi Hou after reports the US is probing whether it improperly financed and transferred tech to a Chinese startup; stock drops 44%+
Self-driving trucking company's leadership faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup