The San Diego-based company announced restructuring plans in May, including layoffs and asset impairments to balance its cost structure amid a funding crunch in the sector. The company said it is undergoing a transformation that it believes can be better navigated as a private firm than as a publicly traded one. "The benefits of remaining a publicly traded company no longer justify the costs," TuSimple added. Loss from operations in the nine months ended Sept. 30 was $248.6 million, narrowing from $341.7 million during the same period in 2022, as the company cut its research and development costs and stock-based compensation for employees. (Reporting by Priyanka G; Editing by Shounak Dasgupta)