Shares of the self-driving truck technology company
TuSimple
are tumbling as investors weigh a surprise management change.
Monday,
TuSimple
(ticker: TSP) said it has terminated CEO Dr. Xiaodi Hou because a continuing investigation by the audit committee of the board of directors led the board to conclude that a change of CEO was needed, the company said. Dr. Ersin Yumer,
TuSimple
executive vice president of operations, will serve as interim CEO while the company searches for a new chief executive.
