TuSimple faces shareholder doubts, and its transformation into AIGC field sparks controversy

TuSimple, a former autonomous driving technology company, is currently under strong questioning by shareholders. The company recently announced its entry into the AIGC field to develop animated feature films and video games in the "Three-Body" series, a decision that has sparked dissatisfaction among shareholders. They accused the company's management of self-trading and embezzlement, and believed that TuSimple's autonomous driving business is dead in name only. It is reported that TuSimple disclosed in its third quarter report in 2023 that the company still holds US$776.8 million in cash, equivalents and investments.