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Here's why a little-known autonomous trucking company is beating Tesla and Waymo in the race for driverless big rigs (TSLA, GOOGL)

Here's why a little-known autonomous trucking company is beating Tesla and Waymo in the race for driverless big rigs (TSLA, GOOGL)
Courtesy of TuSimple



TuSimple says it will have the largest self-driving trucking fleet by June, bringing its autonomous truck total to 40.




The company, based in San Diego and Beijing, is beating Tesla, Waymo, and other big names in the race for driverless trucks.




According to a Morgan Stanley report, the labor savings from implementing driverless trucks would save the industry $70 billion per year.



The electric Tesla Semi has been, in part, ballyhooed for its semi-autonomous driving options; it can travel in a convoy where one semi leads other vehicles autonomously.
Trucking executives see the autonomous feature as a way to cut labor costs. According to a Morgan Stanley report, the labor savings from implementing driverless trucks would save the industry $70 billion per year. Productivity would be up 30% because driverless trucks would run 24/7.
But while Tesla is getting significant attention when it comes to driverless technology, it's losing out in the race for scalable, commercial, autonomous trucking. TuSimple, founded in 2015, announced today that, by June 2019, it will expand its fleet from 12 to 40 autonomous trucks on the road. That will make it the largest self-driving truck solutions company in the world.
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