R - Embark Technology eyes road to recovery in under-addressed opportunities

It’s been an inauspicious life as a publicly traded company for Embark Technology (NASDAQ:EMBK) since going public in 2021.  Shares of the autonomous driving technology company have fallen over 80% since listing on the NASDAQ, with marked declines coming in recent months as much of high-flying tech has sold off. However, according to CEO Alex Rodrigues, the short term turmoil is merely an entrée to the longer term opportunity in autonomous trucking. The young, Canadian-born CEO pointed to under-addressed niche opportunities in autonomous trucking and the company’s recent testing of its technology in snowy weather. He noted in an interview with SeekingAlpha that when the company started in 2016, the industry’s focus for autonomous vehicles was almost entirely upon cars rather than trucks, offering an opening in the market for his firm to fill. “What we realized is that trucks were not being talked about when we started,” Rodrigues said,

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Embark Technology eyes road to recovery in under-addressed opportunities