Self Driving Trucks Company in Trouble

[Spread Eagle]

Laying off half their workforce, eliminating the self driving truck testing facility. I’ve said for years this whole thing is a scam and it’s not practical and it just ain’t happening in our lifetimes. I can remember 20 years ago being told all truckers would be out of work in 10 years.

An excerpt from the Fox article …..

The company is losing money. TuSimple reported only $4.9 million in revenue and $220.5 million in losses for the first half of 2022.

Self-driving truck company TuSimple to lay off hundreds days before Christmas: report

Global self-driving technology company TuSimple Holdings Inc. will reportedly lay off half of its workforce next week, just before Christmas.

www.foxbusiness.com

 

[mndriver]

Imagine that

 

[Duck]

Their sole job was to eliminate other people's jobs, and they stick that "just before Christmas" line in there as if anyone is supposed to have sympathy for them.

 

[389 Hood]

A lot of the news articles add that line in there to gain the sympathy. It doesn't work on me. Like I'm supposed to feel sorry for Musk for spending $44 billion on Twatter. That was a piss poor business move to me. Live with it now. Stick with rockets and space. Not so sure about the cars either. Electric vehicles will not be the norm with no substantial grid for charging behind it all. Coal mining is big business again.

 

[Spread Eagle]

TuSimple Stock Can Rise 80% Because Self-Driving Tech Is a ‘Must-Have’ in Trucking

Self-driving technologies are coming both to passenger cars and commercial vehicles such as big rigs rattling down the highway. That spells opportunity for TuSimple, a self-driving truck start-up. Wall Street is taking notice. On Monday evening, KeyBanc analyst Todd Fowler launched coverage of...

www.freightrelocators.com

 

[Mike]

This company is taking a nose dive currently due to some bad publicity. One of their vehicles nearly crashed into a pickup truck and the company tried to hide it. Someone leaked the information, and it has been a free fall since. Not because of the near accident, but because of trying to hide it.

 

[389 Hood]

They need to be forthcoming to the public about how this equipment will operate.

 

[Rigjockey]

They need to be forthcoming to the public about how this equipment will operate.

If they did that no one would want to invest.

 

[Duck]

If they did that no one would want to invest.

Exactly.

 

[Rigjockey]

Just the other day, one of the bosses and I were talking about Nikola electric truck company. That is not happening.
I can only imagine the tech that truck would have, like automatic wipers.

 

[Cheezy]

Self Driving trucks will NEVER become a huge mainstay in this world until its profective ! (at least 10 - 20 more years)
first off they are so ill efficient for time/energy.
Extreme weather conditions or road conditions/ roads that are not paved.
The liability they have given these not ideal paved city roads.

 

[389 Hood]

Imagine if a big truck did like the Tesla did and stopped in the left lane of the Interstate. It resulted in a 9 car pile-up. It had a driver in the seat and it was in the autonomous mode.

 

[krelithous]

Imagine if a big truck did like the Tesla did and stopped in the left lane of the Interstate. It resulted in a 9 car pile-up. It had a driver in the seat and it was in the autonomous mode.

Imagine seeing an 80 thousand pound rig fly off a cliff because the GPS told it to go that way

 

[krelithous]

Self driving anything is just another scam just like 100% renewable energy is. All it is just snake oil

 

[Electric Chicken]

Imagine seeing an 80 thousand pound rig fly off a cliff because the GPS told it to go that way

Easy to imagine it with an Amazon trailer.

 

[389 Hood]

Or FedWrecks, or JB Hunt, or CRE, or Schneider, or pick your own mega!

 

[Electric Chicken]

Or FedWrecks, or JB Hunt, or CRE, or Schneider, or pick your own mega!

XPO!

 

[389 Hood]

Don't jinx yourself.

 

[Electric Chicken]

Don't jinx yourself.

My truck isn't self driving. If I go over a cliff it's going to be MY choice, dammit.

 

[Rigjockey]

They called it Christine.