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TuSimple Paves the Way for Its Truck Technology Commercialization

Company reaches settlement with U.S. national security regulator, but spooks investors with elevation of its co-founder CTO to chairman and CEO positions.

By Doug Young

TuSimple Holdings Inc. (TSP.US) is saying two major new developments are paving the way for the long-awaited commercialization of its autonomous truck driving technology. But investors don’t seem to see it that way.

The first of the big announcements came on Feb. 22, when the company removed a major potential obstacle to its development by disclosing it had reached a settlement with the U.S. national security regulator. Less than two weeks later, it announced a major executive reshuffle last week that will see its co-founder and CTO Hou Xiaodi take over its top two executive positions.

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