More autonomous trucking BS

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

  1. Studebaker Hawk

    Studebaker Hawk Road Train Member

    2,692
    8,257
    Oct 18, 2010
    NW Indiana
    0
    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....
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. bonder45

    bonder45 Road Train Member

    1,550
    4,271
    Oct 2, 2011
    Williston, ND
    0
    You fail to understand the stock market.

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

    Studebaker Hawk Road Train Member

    2,692
    8,257
    Oct 18, 2010
    NW Indiana
    0
    So do you think this is a buying opportunity?
     
  5. bonder45

    bonder45 Road Train Member

    1,550
    4,271
    Oct 2, 2011
    Williston, ND
    0
    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

    17,060
    111,615
    Apr 26, 2013
    Gettin' down westbound
    0
    a simple look at their balance sheet, will keep you away from investing in either comapany
     
  7. RubyEagle

    RubyEagle Medium Load Member

    490
    538
    Apr 17, 2010
    0
    Hey let's give our supply chain over to a Chinese owned company, brilliant!
     
  8. FearTheCorn

    FearTheCorn Light Load Member

    286
    999
    Jan 6, 2019
    Omaha
    0
  9. TheLoadOut

    TheLoadOut Road Train Member

    1,382
    5,888
    Nov 6, 2019
    0
    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

    1,130
    4,063
    Nov 14, 2021
    ALBERTA
    0
    Interesting observation.
    The hurt is real.
    The financial gurus don't believe the hype anymore.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted