TSP

TuSimple Holdings Inc - Ordinary Shares - Class A

TMT, Industrial/Transportation


Presented:06/23/2022
Price:$8.85
Cap:$1.98B
Current Price:$0.23
Cap:$0.05B

Presented

Date06/23/2022
Price$8.85
Market Cap$1.98B
Ent Value$1.54B
P/E RatioN/A
Book Value$5.58
Div Yield0%
Shares O/S223.43M
Ave Daily Vol2,289,205
Short Int5.94%

Current

Price$0.23
Market Cap$0.05B
TuSimple Holdings, Inc. engages in the operation and development of autonomous trucks. It develops autonomous technology specifically designed for semi-trucks, which build the autonomous freight network in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company was founded by Mo Chen and Xiao Di Hou in 2015 and is headquartered in San Diego, CA.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), General Motors Co (GM), TuSimple Holdings Inc (TSP), Uber Technologies Inc (UBER)

Highlights

The presenter is short shares of TuSimple Holdings Inc (TSP), which has yet to bring a product to market but has $1.25B of cash on a $1.9B market cap and $700MM EV. TSP is developing technology that will allow autonomous 18-wheelers to operate on the highway. However, he notes that TSP’s technology is significantly inferior to GOOGL’s. He therefore doesn’t see how this stock can work over the next year, ultimately expecting TSP to burn $500MM of cash for each of the next three years with de minimis revenue generation. 

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Idea Discussion

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