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Why TuSimple Stock Is Jumping 25% Today

TheMotleyFool

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Shares of self-driving truck start-up TuSimple Holdings (NASDAQ: TSP) skyrocketed Wednesday morning and were up 25% at 11:20 a.m. ET.

The reason is China, but it's not what you think.

Chinese stocks are soaring this week, but TuSimple is a San Diego-based company that is developing fully autonomous long-haul heavy-duty trucks. It has partnered with Volkswagen subsidiary Traton to build its trucks, which have Level 4 self-driving capabilities. Traton is one of the world's largest commercial vehicle manufacturers with some heavyweight brands including Navistar, Scania, and MAN.

Source Fool.com

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