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Why TuSimple Stock Is Surging Today

TheMotleyFool

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Shares of driverless-truck start-up TuSimple Holdings (NASDAQ: TSP) were trading sharply higher on Thursday in a dramatic rebound following a sell-off that may have been triggered by a short-seller's report.

As of 11:45 a.m. EDT, TuSimple's shares were up about 15.6% from Wednesday's closing price.

TuSimple, founded in 2015, is a San Diego-based developer of autonomous-driving systems for heavy trucks. The company has an impressive list of partners and investors, including big-rig maker Navistar International, United Parcel Service, Nvidia, and the heavy-truck unit of global auto giant Volkswagen.

Source Fool.com

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