TuSimple Holdings (NASDAQ:TSP) traded higher in premarket action on Monday after the self-driving truck maker is reported to have secured a $15M equity investment from hedge fund Rubric Capital.
Separately, The Wall Street Journal highlighted that a recent accident of a TuSimple (TSP) truck is drawing more attention. Last April, an autonomously driven truck fitted with technology by TuSimple (TSP) suddenly veered left across a highway in Arizona and slammed into a cement barricade. The company has said the accident was actually human error tied to when a person in the truck cab failed to reboot the autonomous driving system properly.
Shares of TuSimple (TSP) rose 2.31% premarket to $10.19.