More autonomous trucking BS

Discussion in 'Other News' started by Studebaker Hawk, May 10, 2022.

  1. Studebaker Hawk

    Studebaker Hawk Road Train Member

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    Here is the article(press release) screaming about how successful Embark is testing trucks in "adverse conditions"

    Self-driving truck tech expected to meet 'acceptable shipper delivery windows' during 90% of runs in snowy weather, company says

    Here is the stock price(EMBK) since the IPO 6 months ago:
    $11.00 per share November 1 2021
    $ 1.55 today, down 55% in one day, down 84% since inception
    ON THE DAY THEY ANNOUNCED THIS BREAKTHROUGH. Investor Relations | Embark Trucks, Inc.

    Another one:
    TuSimple Holdings (TSP) Investor Relations | TuSimple Holdings Inc
    $ 79.84 per share at price peak July 2021 Twice the IPO price of $40
    $ 7.33 per share down 6% today, down 80% since inception.

    Clearly the money on Wall Street doesn't believe either one.

    You can buy stock in either company, or you can use the cash for toilet paper....
     
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  3. bonder45

    bonder45 Road Train Member

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    You fail to understand the stock market.

    Buy the rumor, sell the news.
     
  4. Studebaker Hawk

    Studebaker Hawk Road Train Member

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    So do you think this is a buying opportunity?
     
  5. bonder45

    bonder45 Road Train Member

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    The rumor was back in Nov.

    Buy low, then a month later, sell high.

    Screen Shot 2022-05-10 at 11.26.56 AM.png Screen Shot 2022-05-10 at 11.27.05 AM.png
     
  6. D.Tibbitt

    D.Tibbitt Road Train Member

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    a simple look at their balance sheet, will keep you away from investing in either comapany
     
  7. RubyEagle

    RubyEagle Medium Load Member

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    Hey let's give our supply chain over to a Chinese owned company, brilliant!
     
  8. FearTheCorn

    FearTheCorn Medium Load Member

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  9. TheLoadOut

    TheLoadOut Road Train Member

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    Interesting read, sounds like nobody wants to take the blame or be responsible for any software/system failures. They'll be so many different companies to point fingers at for a failure it'll make your head spin. This might actually make a lawyers head explode.
     
  10. Another Canadian driver

    Another Canadian driver Road Train Member

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    Interesting observation.
    The hurt is real.
    The financial gurus don't believe the hype anymore.
     
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