TuSimple truck trailers are parked at a facility in Fort Worth, Texas. REUTERS/Cooper Neill TuSimple Holdings said it has decided to voluntarily delist from the Nasdaq and terminate its registration with the U.S. securities regulator, sending the autonomous driving technology company’s shares down 40% in premarket trading. The company, which went public in 2021, said its valuation and liquidity have declined since, while its stock price volatility has increased “significantly”. Rise in interest rates and higher caution in the market due to macroeconomic uncertainty have impacted investor sentiment for pre-revenue technology companies like TuSimple, the company said on Wednesday.
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