Hou’s ouster came after The Wall Street Journal report that TuSimple was being investigated by the FBI, the U.S. Securities and Exchange Commission and the Committee on Foreign Investment (CFIUS) about its relationship with China-backed Hydron.
The FBI, the SEC and the CFIUS did not respond to Reuters’ requests for comment.
Separately, TuSimple reported revenue of $2.7 million for the third quarter ended Sept. 30, up 49 percent from a year earlier but below analysts’ estimate of $3.2 million, according to Refinitiv data.
The company posted a per-share loss of 50 cents, smaller than the 56-cent loss expected by analysts.
San Diego, Calif.-based TuSimple has named Ersin Yumer, the vice president of operations, as its interim CEO.
The company also said that it had not been able to determine the value of confidential information shared with Hydron.
