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Why TuSimple Holdings Stock Tripped and Fell on Wednesday

Why TuSimple Holdings Stock Tripped and Fell on Wednesday

The cutter in question was Ken Hoexter of Bank of America Securities. Hoexter's move comes on the heels of the autonomous trucking solutions developer's announcement that a once-promising joint development deal has been canceled. On the back of this highly discouraging development, Hoexter wrote, "In absence of a commercialization strategy, the long-term financial outlook for TuSimple is now far less visible."