Embark: Is Autonomous Trucking Going The Uncertain Way Of The Metaverse?

Pacifica Yield
12.64K Followers

Summary

  • Autonomous trucking company, Embark Technologies, has faced material headwinds since going public as it tries to commercialize its self-driving software.
  • Cash burn from operations continues to stack up as positive investor sentiment has dissipated.
  • This has culminated in a 1-for-20 reverse stock split after the company fell foul of NASDAQ minimum listing rules.
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At one point last year, it really seemed as though everyone and their uncle had started a self-driving company and were going public. The sheer viscosity of autonomous vehicle startups joining the NYSE and NASDAQ was overwhelming even by the standards of

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