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Aurora Innovation Stock Plummets Amid Short-Seller Report
Aurora Innovation Stock Plummets Amid Short-Seller Report
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BTCCSquare news:
Aurora Innovation's stock has tumbled 10.2% this week after Kerrisdale Capital issued a scathing report questioning the company's viability. The short-seller asserts Aurora "will never become a viable commercial operation," citing technological shortcomings and prohibitive infrastructure costs for autonomous trucking.
Investors are rapidly exiting positions as the market weighs Kerrisdale's argument that Aurora's solutions are neither operationally feasible nor economically viable for trucking companies. The report strikes at the Core of Aurora's business model, claiming its technology can't handle complex urban and suburban routes.
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