Why TuSimple Stock Crashed Today
Shares of TuSimple Holdings (NASDAQ: TSP) shifted into reverse on Monday, declining by as much as 10%. As of 1:57 p.m. ET, the stock was still down by 8.8%.
The catalyst that sent the self-driving semitruck start-up tumbling was a report that federal regulators have launched an investigation into an accident involving the company's technology.
In April, a truck rigged with TuSimple's autonomous driving system veered across multiple lanes of traffic and crashed into a concrete divider on I-10 in Tucson, Arizona. A driver and engineer with TuSimple were aboard at the time, though no one was injured in the crash.
Source Fool.com
