June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Feds conclude probe of TuSimple autonomous truck accident

Published 03/03/2023, 09:04 PM
© Reuters.
TSPH
-

By Michael Elkins

Autonomous truck maker TuSimple (NASDAQ:TSP) announced Thursday that the Federal Motor Carrier Safety Administration has closed its investigation into the heavily publicized crash of a TuSimple autonomous truck in April of 2022.

According to reports, a driver-supervised autonomous truck took an unintended sharp left turn across a lane of westbound traffic on I-10 and struck a concrete barrier. The safety driver tried to counter-steer the truck, which followed a computer-generated command that was several minutes old.

TuSimple said it responded to several FMCSA requests following the April 6 non-injury incident on Interstate 10 in Arizona. The probe closed with no penalties. The National Highway Traffic Safety Administration declined to open a separate probe, the company said.

“We prioritize safety at TuSimple,” CEO Cheng Lu said in a statement. “After the incident, we halted autonomous operations, launched an internal review and collaborated with regulators. Our review resulted in additional improvements in our systems and testing operations. We are committed to continuing our mission of developing a commercial-ready, fully autonomous driving solution for long-haul, heavy-duty trucks.”

Shares of TSP are up 1.10% in pre-market trading on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.