CreateAI Holdings Inc.

OTCPK:TSPH 주식 리포트

시가총액: US$63.8m

CreateAI Holdings 경영진

경영진 기준 점검 3/4

현재 CEO에 대한 정보가 충분하지 않습니다.

핵심 정보

Cheng Lu

최고경영자

n/a

총 보수

CEO 급여 비율n/a
CEO 재임 기간3.5yrs
CEO 지분 보유율n/a
경영진 평균 재임 기간3.5yrs
이사회 평균 재임 기간3.5yrs

최근 경영진 업데이트

Recent updates

Seeking Alpha Aug 30

TuSimple Moves Closer To China Exit Ramp As Questions Loom On U.S. Commercialization

Summary China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns. The company’s commercialization timeline has been thrown into doubt following an April accident that raised safety concerns. TuSimple’s success will depend on whether it can roll out its technology in a way that dispels any public safety concerns. Autonomous trucking startup TuSimple Holdings Inc. (TSP) may have finally found a suitor for its China-based unit, five months after reports emerged that it was looking to sell the business. That suitor is Geely (GELYF), China's leading automaker whose past acquisitions include its 2010 landmark purchase of Swedish automaker Volvo (VOLAF), according to recent local media reports. Such a deal would help TuSimple, which has major operations in the U.S. and China, drive out of a tight spot with Washington, which has expressed national security concerns due to the company's potential future possession of sensitive data on U.S. trucking patterns. To address that issue, TuSimple signed an agreement earlier this year giving the U.S. national security regulator oversight of the technology behind its U.S.-based autonomous trucking operations. Equally important, a Geely purchase could provide a timely cash infusion for the loss-making TuSimple, which is rapidly burning through money to fund its accelerated push to commercialize its autonomous vehicle technology ahead of a field of rival developers. News of the potential Geely sale first came from local media AI4Auto on Aug. 20 and was quickly followed by other major tech news sites, including 36Kr and Huxiu.com. Geely has made a non-binding offer to TuSimple's U.S. headquarters to acquire TuSimple's Asia-Pacific business, including related subsidiaries, according to the reports. We'll take a closer look shortly at TuSimple's efforts to commercialize its technology and some recent hurdles it has encountered in that process. But first, we'll review the company's development history and how it became one of a growing number of names caught in the middle of growing geopolitical tensions between China and the U.S. TuSimple was founded in 2015 at a time when China and U.S. still enjoyed relatively stable relations. Its Chinese founders envisioned building a network of business across the Pacific by giving the company dual headquarters both in China and the U.S. But that strategy was quickly called into question as Sino-U.S. relations deteriorated under the presidency of Donald Trump starting in 2016. As the Trump administration waged a battle for technological supremacy, each country grew increasingly uncomfortable giving the other access to sensitive data on its own businesses and consumers. In a bid to reduce regulatory risks, TuSimple, whose U.S. operations are more advanced than its China ones, has sought to portray itself as a U.S. company by taking measures such as moving its domicile from the more neutral Cayman Islands used by many U.S.-listed Chinese companies to the U.S. The company's February deal with the U.S. national security regulator marked a further cutting of its China ties. As part of that, TuSimple's board members associated with Sina Corp., one of its major shareholders, agreed to step down and the China-based media group agreed not to nominate other directors or increase its shareholding in the company. TuSimple also banned its China division from accessing data source code and algorithms for its autonomous trucking operations in the U.S. Safety concerns The price for a potential Geely purchase of TuSimple's Asia Pacific assets was unknown. Reuters reported in March that TuSimple wanted to sell its Asia operations for $1 billion, though TuSimple's market value was about $3 billion at that time. Since then that figure has shriveled to about half that amount, currently at about $1.6 billion. Regardless of the final price, any cash would be welcome by TuSimple to help fund its commercialization drive. In the three months through June, the company recorded a negligible $2.6 million in revenues, according to its latest quarterly earnings report released earlier this month. While the figure was up 70% year-over-year, its latest quarterly loss of $111 million was almost identical to a loss of $121 million a year earlier. TuSimple has been a U.S.-listed company since April last year following an IPO. It doesn't break out financials for its China operations in its reports, implying it has yet to generate significant revenues from the market despite incurring large costs there. The company has been facing an uphill road with its autonomous trucking technology in the U.S., where the shortage of drivers is an acute issue and companies face far less stringent regulation for self-driving technology testing. In China, the driver shortage is less severe and autonomous vehicle rules are stricter, meaning demand for autonomous trucking technology is at an even earlier stage. "In order to support the goal of massive production trucks, TuSimple chose to sell the China business, whose development has been relatively slow," said Chen Mo, who resigned as the company's CEO in March, in a recent interview with local media. "So, selling the China business means that the company can lower some costs, while also receiving some needed cash." While the potential deal with Geely will allow TuSimple to fully focus on the U.S. market, its commercialization effort there has been bumpy of late. The company is still reeling from an April accident in Tucson, Arizona, involving an autonomous vehicle fitted with its technology. Safety concerns that followed were a major focus among analysts on the company's Aug. 2 earnings call after TuSimple released its latest quarterly report. Before that, TuSimple's commercialization efforts were going relatively well. Those included a major milestone in December with its completion of an open road test without any driver on board, which it touted as the world's first fully automated test. TuSimple aims to commercialize its L4 autonomous technology - which means a vehicle is fully operated by a computer system and no longer requires a driver - by the end of 2023. But following the accident, some worry the company may be rushing its technology to market at the expense of public safety.
Seeking Alpha Aug 22

Geely Automotive said to offer to buy TuSimple's Asia-Pacific business

Geely Automotive (OTCPK:GELYF) is said to have offered to buy TuSimple's (NASDAQ:TSP) Asia-Pacific business. Geely(OTCPK:GELYF) has also offered to purchase TuSimple's (TSP) future U.S. headquarters, according to a report from A14Auto. Details of the acquisition price wasn't known. The report comes after The Information late last month said that self-driving truck company TuSimple (TSP) is looking to find a buyer for its China operations. TSP is looking to offload its China operations to avoid the  political and regulatory pressures. TSP short interest is 8.8%. TSP shares fell 4.5%. Earlier this month, TuSimple (TSP) is reported to have secured a $15M equity investment from hedge fund Rubric Capital.
Seeking Alpha Jul 26

TuSimple falls amid report it's looking for acquirers of its China operations

Self-driving truck company TuSimple (NASDAQ:TSP) dropped 3.9% amid a report that it's looking to find a buyer for its China operations. TuSimple (TSP) is looking to offload its China operations to avoid the  political and regulatory pressures that have plagued ByteDance, the parent of TikTok, according to The Information report. Morgan Stanley defended TuSimple last month after the exit of TSP's chief financial officer, which followed the departures from the company of former CEO Cheng Lu and co-founder Mo Chen. TSP short interest is 9.5%. TuSimple (TSP) is scheduled to report Q2 results next Tuesday.
Seeking Alpha Jul 19

TuSimple partners with Hegelmann, global logistics provider

TuSimple (NASDAQ:TSP) announced its partnership with Hegelmann, a major European transport and logistics provider, that operates a fleet of 5K+ vehicles including an initial reservation of purpose-built SAE Level 4 Autonomous International Trucks for operation in North America. The trucks will be equipped with TuSimple's advanced autonomous driving system and will be based on a world-class global vehicle platform developed by Navistar. By 2023 end, TuSimple plans to carry paid freight operations in high-density freight lanes in the southern U.S.
Seeking Alpha Jul 03

TuSimple: Simple Decision To Buy Disruptor And Leader In Autonomous Trucks

The TAM for global truck freight is large and there are many issues that the industry faces that points towards the need for disruptors like TuSimple. TuSimple is a clear global leader in autonomous trucks with a first mover advantage in driverless L4 autonomous trucks and it has innovative features as a strong competitive moat. The company has strong relationships with global OEMs like Traton and Navistar to ensure it has sufficient scale when it begins commercial operations. Regulations also appear to be fairly supportive for autonomous technology, at least in the US. As such, my target price is $14, implying a 93% upside from current levels. TuSimple (TSP) is a small cap idea that well placed to capitalize on the autonomous driving trend, and specially, for autonomous trucks, and bring innovative disruption to the traditional trucking industry. In fact, if TuSimple is able to execute according to expectations, this could be a very huge industry opportunity for the company with a first mover advantage. Investment thesis TuSimple is a clear global leader in autonomous trucks as evident by its first mover advantage in driverless level 4 autonomous trucks as well as its strong relationships with global OEMs. Its competitive advantage includes the innovation in the features it brings to the autonomous truck scene that competitors and the industry end up trying to catch up to. In addition, the company has a large TAM to be disrupted due to the problems and issues the traditional trucking industry is facing. Lastly, the partnerships with large and global OEMs ensure that when TuSimple is ready to commercialize, it is able to do so in scale and at better economics. Overview TuSimple was founded not too long ago in 2015 and is attempting to develop and commercialize the first level 4 autonomous heavy duty truck. The goal is to develop these trucks that can be deployed on its Autonomous Freight Network ("AFN"), which currently comprises of about 50 level 4 autonomous trucks in the states of Arizona, Texas and New Mexico. The company has a strong ecosystem of shippers, third party service providers, freight brokers including UPS, DHL, Union Pacific, amongst others that helps to improve on the network effects of its AFN and increase density and use of its terminal network. TuSimple plans to commercialize its AFN in the "Texas triangle", comprising of Dallas, San Antonio and Houston, by end of 2023. There are 2 business models that TuSimple runs on, depending on the needs of its customers. First, it has a carrier-owned capacity model, which is for customer that prefer to sue their own fleet and these customers will purchase TuSimple's L4 autonomous truck from its OEM partner (more on the 2 OEM partners below) and subscribe to TuSimple Path, which enables autonomous operations. These customers are expected to have a payback period of less than 1 year for their upfront capital investment into the L4 autonomous trucks due to the lower freight costs achieved. In addition, these customers pay TuSimple a per mile, usage-based fee for access to TuSimple Path Second it has a TuSimple capacity model, where customers can access the company's L4 autonomous truck fleet and does not need to worry about the risks involved with owning these truck assets. These customers will be charged a per mile rate that is likely to be at a decent discount to current market freight rates. Lastly, in terms of timeline, I am of the view that most of the acceleration in revenues and profits will come in 2026/2027. As can be seen below, its partnership with one of its OEM partners (more about this below) will ramp up from 2026 as the first significant revenues is expected then. TuSimple and Navistar partnership timeline (Investor presentation) A large TAM ready for disruption TuSimple operates within a $4 trillion global truck freight market. However, I think that the company will be focusing its efforts on the US market in the near term, addressing the $800 billion TAM in US truck freight market. TuSimple TAM (TuSimple investor slides) According to the US Bureau of Transportation Statistics, 80% of the goods in the US are transported through just 10% of the trade corridors in the US. Of which, TuSimple's AFN initially intends to cover the Texas triangle, comprising of the routes between Dallas, Austin and Houston. According the company, its current Autonomous Freight Network ("AFN") routes already has a TAM of $10 billion to $13 billion in potential freight revenues. Major US trade corridors (TuSimple Investor Relations) Furthermore, there are many other factors pushing for disruption in the traditional freight transportation industry globally. First, there is a global shortage of drivers that can be alleviated by the use of TuSimple's autonomous trucks. In the US, there is a shortage of 80,000 truck drivers, while in Europe and Germany, the shortage of drivers is estimated to be around 400,000 and 80,000 respectively. This is due to the ageing workforce as well as difficulty in recruiting younger drivers. Second, driver costs are a significant part of a truck's cost per mile. As per the National Private Truck Council, almost 40% of the truck's cost per mile comes from the driver's wages and almost 61% of the truck's total cost per mile comes from driver-based costs. As such, it is no wonder that many global truck OEMs are interested in autonomous truck technology that can replace the need for a driver and thus, lead to significant reductions in the truck's cost per mile. Third, medium and heavy-duty trucks actually make up almost 24% of the total US transportation greenhouse gas emissions and the use of autonomous technology can help to reduce this. There has been some tests and studies done that found that the use of TuSimple's technology to replace traditional methods could lead to 13% fuel savings and 10% improved fuel efficiency. Last but not least, 94% of accidents that occur are due to errors made by humans and the use of autonomous driving technology could help reduce errors made by humans and thus eliminate up to 94% of accidents that may occur in the future. Global autonomous truck leader and first mover It is well recognized that TuSimple is currently the leading player in the global autonomous truck race. Not only does it have solid relationships with global OEMs that can help them scale and commercialize more quickly, it also has one of the most comprehensive autonomous freight network and it is currently the first and only autonomous and driver out trucks on public roads with the highest number of road miles tested by its trucks. I think that this is testament to the technology that TuSimple brings, as well as the steadfast approach of management and this brings greater confidence that the urgency that management shows can translate to better execution in the future. One of TuSimple's competitive advantage is, in my view, its ability to think ahead and create unique and innovative features that later becomes an industry standard. That, to me, shows that the company is setting the path and the high standards of the industry that competitors are just attempting to play catch up to its innovative features. TuSimple competitive advantage (Investor presentation) In addition, TuSimple is ahead of other peers in the autonomous truck space, as can be seen below, as it is the first to test driverless miles, before other peers. This is crucial because companies need to finetune their driverless operations and ensure the algorithm and technology is perfect before it can demonstrate to customers that its technology is safe and works well without any drivers in the vehicle. First company to be driver out in AV trucking (Investor presentation) All in all, its technology lead helps to reduce some of the risks associated with future commercialization and scaling up of the operations as it ensures that TuSimple is able to use its competitive moat and attract better quality customers through its innovative technology and processes while competitors that struggle to keep up will be out of the race. Partnerships with top global OEMs brings scale and credibility Earlier in 2020, it was announced that Navistar (NAV) entered a strategic partnership to develop level 4 autonomous trucks that are targeted to have a 2024 production date. The 2 companies have had a technical relationship for 2 years before this partnership was announcned. In addition, Navistar took a minority stake in TuSimple as part of the partnership. Navistar has one of the largest sales channels in the US that, in my view, is crucial TuSimple to be viable in the long run due to the scale in commercial operations this will bring. Thus, this partnership brings the leading technology together with the scale it needs to succeed, thereby driving TuSimple down the path towards successful execution and commercialisation. In addition, it was announced in late 2020 that Traton Group, which is one of the largest commercial vehicle manufacturers in the world and a subsidiary of Volkswagen Group (VWAGY), entered into a global partnership to develop autonomous trucks. This partnership will focus on the testing of TuSimple's technology on its Scania brand of trucks to develop autonomous trucks that provide better safety, cost reductions as well as improved efficiencies. This partnership of a level 4 autonomous driving technology company with a global OEM is a first for the Europe region and these tests will be done along a route in Sweden. This partnership also brings TuSimple's technology to new international markets for like Sweden and potentially Germany. This partnerships makes sense in the region as it is said that Germany currently is lacking almost 60,000 to 80,000 drivers due to an ageing workforce and a shortage of drivers. In addition, Traton also has taken a minority stake in the company as part of the partnership. In my view, the choice of partnering with TuSimple validates the company's technology and strategy. Regulations fairly supportive
Seeking Alpha May 25

TuSimple Makes Progress But Faces Further Delays

TuSimple Holdings went public in April 2021, raising $1.1 billion in gross proceeds in an IPO. The firm is developing autonomous semi-truck technologies for road freight applications. TSP has seen development delays and is generating heavy losses, not expecting first deliveries until 2025. I'm Neutral on TSP due to the potential for further delays amid a significant cash burn.
Seeking Alpha May 06

TuSimple: A Risky Bet On An Autonomous Trucking Future

TuSimple recently announced a delay to full production until 2025, as it will use retrofitted trucks to hit commercialization targets in 2024. TuSimple continues to expand its AFN with partnerships and has logged over 7,400 reservations, testifying to the validity of its tech. TuSimple may have to delay nationwide scaling of operations given the production delays. In addition, regulatory and safety risks may pose a major headwind to commercialization in the broader industry. However, a $2.3B market cap at 2x cash with a minimal burn rate offers a decently attractive valuation for a speculative take.
Seeking Alpha Mar 21

TuSimple Looks To Decouple From China. Others To Follow?

Autonomous truck company, TuSimple, is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset. Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns. TuSimple’s shares have rallied more than 50% from an all-time low a week ago, though at their latest close of $13.54 they’re still about two-thirds below their IPO price from last April.
Seeking Alpha Mar 07

TuSimple Paves The Way For Its Truck Technology Commercialization

TuSimple announced that co-founder and CTO Hou Xiaodi will take over as the company’s chairman and CEO. The company’s shares lost two-thirds of their value in the two days after the announcement, closing at a post-IPO low. The company’s stock looks relatively strongly valued compared with its peers that are all racing to commercialize their autonomous trucking technology.
분석 기사 Jan 06

TuSimple Holdings (NASDAQ:TSP) Is In A Good Position To Deliver On Growth Plans

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Seeking Alpha Jan 03

Successful Test Puts TuSimple In Fully Autonomous Driver's Seat

TuSimple says it has completed the world’s first fully automated test of a self-driving heavy truck. JPMorgan sees the company’s success as a major milestone but has given it a “hold” rating. TuSimple is currently valued quite high with a price-to-sales (P/S) ratio of nearly 2,000 times and is unlikely to turn a profit in the near future.
Seeking Alpha Oct 25

TuSimple: Taking Retail Money May Be Too Simple

Driverless technology is the future of transport. TSP specializes in driverless trucking technology. But sizable forecasts, questionable earnings, and non-binding JV agreements make up most of the narrative. At 2,000 P/Sand no tangible launch till 2024, patience is required for the savvy money manager. A wicked waste of dumb money may be chasing the industry.
분석 기사 Sep 23

We're Hopeful That TuSimple Holdings (NASDAQ:TSP) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

CEO 보수 분석

Cheng Lu의 보수는 CreateAI Holdings의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Dec 31 2025n/an/a

-US$88m

Sep 30 2025n/an/a

-US$110m

Jun 30 2025n/an/a

-US$303m

Mar 31 2025n/an/a

-US$323m

Dec 31 2024n/an/a

-US$354m

Sep 30 2024n/an/a

-US$352m

Jun 30 2024n/an/a

-US$212m

Mar 31 2024n/an/a

-US$253m

Dec 31 2023n/an/a

-US$281m

Sep 30 2023n/an/a

-US$359m

Jun 30 2023n/an/a

-US$411m

Mar 31 2023n/an/a

-US$441m

Dec 31 2022US$10mUS$197k

-US$472m

Sep 30 2022n/an/a

-US$449m

Jun 30 2022n/an/a

-US$451m

Mar 31 2022n/an/a

-US$459m

Dec 31 2021US$67mUS$450k

-US$737m

Sep 30 2021n/an/a

-US$665m

Jun 30 2021n/an/a

-US$651m

Mar 31 2021n/an/a

-US$562m

Dec 31 2020US$18mUS$388k

-US$199m

보상 대 시장: US 시장에서 비슷한 규모 기업과 비교해 Cheng의 총 보수가 적절한지 판단하기에 데이터가 부족합니다.

보상과 수익: Cheng의 보상은 지난 1년 동안 회사 실적과 일치했습니다.


CEO

Cheng Lu (42 yo)

3.5yrs
재임 기간
US$10,124,747
보수

Mr. Cheng Lu is President, Chief Executive Officer and Director of CreateAl Holdings Inc. (formerly known as CreateAI Holdings Inc. (formerly known as TuSimple Holdings Inc.)) from November 10, 2022. He se...


리더십 팀

이름직위재임 기간보수지분
Mo Chen
Co-Founder & Executive Chairman3.5yrs데이터 없음7.35%
$ 4.7m
Cheng Lu
President3.5yrsUS$10.12m데이터 없음
Eric Tapia
CFO, Senior VP & Principal Accounting Officer5yrsUS$1.80m데이터 없음
Jianan Hao
COO & Directorno data데이터 없음데이터 없음
Ryan Amerman
Head of Investor Relationsno data데이터 없음데이터 없음
Evan Dunn
General Counsel & Corporate Secretary3.3yrs데이터 없음데이터 없음
3.5yrs
평균 재임 기간
45yo
평균 나이

경험이 풍부한 관리: TSPH의 경영진은 경험이 있음으로 간주됩니다(평균 재임 3.5 년).


이사회 구성원

이름직위재임 기간보수지분
Mo Chen
Co-Founder & Executive Chairman3.5yrs데이터 없음7.35%
$ 4.7m
Cheng Lu
President3.5yrsUS$10.12m데이터 없음
Jianan Hao
COO & Director2yrs데이터 없음데이터 없음
Richard Kramer
Member of Executive Advisory Board5.1yrs데이터 없음데이터 없음
Derek Leathers
Advisory Board Memberno data데이터 없음데이터 없음
Stephen Girsky
Advisory Board Memberno data데이터 없음데이터 없음
Mark Rourke
Advisory Board Memberno data데이터 없음데이터 없음
Fu Bin Lu
Independent Director3.4yrsUS$255.69k데이터 없음
Jeffrey Denham
Advisory Board Memberno data데이터 없음데이터 없음
Eric Fuller
Advisory Board Memberno data데이터 없음데이터 없음
Nicole Nason
Member of Executive Advisory Board5.1yrs데이터 없음데이터 없음
Zhen Tao
Independent Director3.2yrs데이터 없음데이터 없음
3.5yrs
평균 재임 기간
54.5yo
평균 나이

경험이 풍부한 이사회: TSPH의 이사회경험이 있음으로 간주됩니다(평균 재임 3.5 년).


기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/07 18:50
종가2026/05/07 00:00
수익2025/12/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

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분석 모델 및 스노우플레이크

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산업 및 섹터 지표

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분석가 소스

CreateAI Holdings Inc.는 18명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Benjamin KalloBaird
David VernonBernstein
Kenneth HoexterBofA Global Research