Autonomous Trucks
TuSimple it plans to meet a Sept. 30 deadline to catch up on filing delinquent financial reports to avoid delisting of its Nasdaq stock. Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market. The Nasdaq notified San Diego-based TuSimple in May that it faced possible delisting for failing to file its financial reports in a timely manner. After a hearing on June 22, a Nasdaq hearing panel gave the company until Sept. 30 to bring all its reports up to date, with undisclosed deadlines for each report, the company said. 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.