Bank of America reiterated TuSimple (TSP) at a "buy" rating, with a target price of $60. The bank said TuSimple had plenty of liquidity despite still losing money in the third quarter.

According to TuSimple's financial announcement for the third quarter of 2021:

• The revenue was $1.785 million (CNY 11.4186 million), increasing by 205.65% compared with the same period last year. 
• The net loss was $115 million (CNY 736 million), increasing by 28.56% compared with the same period last year. 
• The research and development expenditure increased by 40.75% to $84.506 million (CNY 541 million).
• The revenue cost was $3.487 million (CNY 22.3 million).
• The sales and marketing expenses was $910,000 (CNY 5.8213 million). 
• The general and administrative expenses was $28.831 million (CNY184 million).
• TuSimple holds $1,412 million (CNY 9,032 million) in cash and cash equivalents as of Sept. 30.
• At the end of the reporting period, TuSimple's road mileage was 5.4 million miles (about 8.69 million kilometers), showing an upward trend by 17% compared with last month. Among them, the fully automated truck bookings totaled 6,875, 100 more than that in the second quarter, and map miles totaled 9,900 miles, growing 16% from last quarter.
• TuSimple expects the full-year revenue would be $5 million to $7 million (CNY 319.85 million to 4477.9 million), with $200 to $220 million (CNY 1,279 billion to 1.407 billion) investments in research and development.