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Ten of TuSimple ’s self-reliant big fishing gear are set to be auction off later this month , just a few weeks after the ego - driving trucking startup that go public in 2021announcedit was exiting the U.S. market place .
The hand truck , along with a mickle of research and development equipment and office supplies , will be sell off in two on-line auctions . Thefirstis slated to run January 23 - 25 , and asecondis scheduled for February 6 - 8 . A spokesperson for the auction company confirmed 10 truck will “ initially ” be sell . TuSimple , which had an office in San Diego and an operations facility in Tucson , Arizona , reported in November that it had 35 autonomous hand truck in the United States . It ’s unreadable what will happen to the other 25 .
TuSimple ’s fall from high up - flying startup condition to being touted as an “ Incredible Offer ! ! ” in an online auction is a sign of just how punic the route has become for AV startup .
Embark Technologies sell itself ( and alsoauctionedoff some trucks ) in 2023 , just two days after go public in a transaction thatvalued the company at more than $ 5 billion . Argo AIshut down in late 2022despite get big angel in Ford and Volkswagen . Cruise break operation , slash its workforce and pushed out a numeral of executives after one of its Ab was involvedin a crash late last yr .
found in 2015 , TuSimple was one of the early players that prove to hop directly to developing fully driverless truck for propel good around the land . It even come through a brief contract in 2019 to operate mail for the U.S. Postal Servicebetween its Phoenix and Dallas dispersion centers .
Though it often positioned itself as an American startup , TuSimple ’s beginner and funding originated from China . The party went public in 2021 andwas fleetly scrutinizedby the Committee on Foreign Investment in the United States over its Taiwanese shareholders . It in the end wound up under investigationby both the FBI and the Securities and Exchange Commission , and subsequently lost a crucial spate to co - educate ego - driving full-grown trailer truck withtrucking giant Navistarin recent 2022 . Since then , the company ’s parcel price has continued to fall from a high in July 2021 of $ 62.58 to just $ 0.73 today .
TuSimple spent much of 2023 transfer its priorities , saying at one period that it would sell off its China business before reversing line and announcing it want to unload the U.S. cognitive process . In December , the caller said it wouldexit the U.S.altogether and laid off more than 150 actor as a result .
