Short Position Revealed! Aurora Stock Slides Pre-market After Kerrisdale Capital Says Company Doesn’t Have Viable Business Model
Synopsis
The firm said that the market for autonomous trucking is far too small and the profit pool available to Aurora from it is “puny.”
Kerrisdale Capital on Tuesday revealed a short position on autonomous trucking company Aurora Innovation (AUR), alleging that the firm does not have a viable business model.
Kerrisdale said that the market for autonomous trucking is far too small and the profit pool available to Aurora from it is “puny.” Shares of AUR fell 3% in the pre-market session at the time of writing.
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