TuSimple Announces Third Quarter 2021 Results

Rhea-AI Summary

TuSimple (TSP) reported its Q3 2021 results, highlighting significant commercial and technological advancements. CEO Cheng Lu noted strong partnerships, especially with UPS, positioning the company as a leader in autonomous freight transportation. The firm is committed to transforming the $4 trillion truck freight market through its innovative AI technology, which enhances truck visibility and operational efficiency.

Positive

• Established partnerships with major players like UPS, enhancing market presence.
• Introduced technology aimed at reducing fuel consumption by over 10% compared to manual driving.

Negative

• None.

SAN DIEGO, Nov. 3, 2021 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global self-driving technology company based in San Diego, California, today announced unaudited financial results for the third quarter period ended September 30, 2021. TuSimple's complete quarterly financial results and management commentary can be found by accessing the company's shareholder letter on the quarterly results page of the investor relations website at ir.tusimple.com.

"Our focus is paying off, and we are pleased with our performance in the third quarter, with several important commercial and technological achievements," said TuSimple President and CEO, Cheng Lu. "These milestones position TuSimple as an industry leader with real-world results on how our technology is changing the way we deliver goods across the country. By developing robust and longstanding partnerships with freight industry leaders such as UPS, we believe we are best positioned to provide a solution to our industry's most pressing challenges."

What:
TuSimple Q3 2021 Earnings Conference Call

When:
Wednesday, November 3, 2021

Time:
2 p.m. Pacific Time (5 p.m. Eastern Time)

To Listen via Telephone:
North America (toll-free): +1 (888) 771-4371
International (caller-paid): +1 (847) 585-4405
Conference ID: 50222733

To Listen via Internet:      
ir.tusimple.com

About TuSimple
TuSimple is a global autonomous driving technology company, headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks. Visit us at www.tusimple.com.

 

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SOURCE TuSimple Holdings Inc.

FAQ

What were TuSimple's Q3 2021 financial results?

TuSimple announced its Q3 2021 results on November 3, 2021, showcasing significant commercial advancements.

How does TuSimple plan to lead in the self-driving truck industry?

TuSimple aims to lead through partnerships with freight companies and by developing advanced AI technologies for autonomous driving.

When will TuSimple hold its Q3 2021 earnings call?

TuSimple's Q3 2021 earnings call is scheduled for November 3, 2021, at 2 p.m. Pacific Time.

What are the primary goals of TuSimple's technology?

TuSimple's technology seeks to improve freight efficiency, reduce fuel consumption, and provide a fully autonomous driving solution.