Pony AI Expands into Dubai, Sparking Stock Volatility Amid Global Autonomous Driving Race

Pony AI Stock Is Up Today: What's Going On? - Pony AI (NASDAQ:PONY)

Pony AI Inc. PONY shares are trading higher Tuesday after the company said it will expand its autonomous robotaxi fleet into Dubai. What To Know: The surge in shares comes after Pony AI announced that it signed a memorandum of understanding with the Dubai's Roads and Transport Authority to deploy driverless taxis in the region. The company said the rollout will happen in phases, with supervised trials set to launch later this year followed by a fully autonomous taxi launch in 2026. Pony AI also stated its intention to scale its global fleet to thousands of vehicles within the next two years. The move is part of Dubai's broader goal to convert 25% of its transportation network to autonomous systems by 2030. "Dubai stands at the forefront of intelligent urban mobility innovation, and we are honored to collaborate with RTA on this transformative initiative. By combining our proven autonomous driving technology and extensive fleet operation experience, we are committed to accelerating Dubai's transition to autonomous transportation," said Leo Wang, CFO of Pony AI. The Dubai agreement marks another step in Pony AI's ongoing global expansion. The company already has licenses in the U.S., South Korea, China and Luxembourg, and has more than 270 robotaxis in its fleet in China. Recent partnerships with Uber and Tencent further indicate Pony AI's push to advance autonomous vehicle technology. The rally in Pony AI shares began in pre-market trading, where the stock was up over 6% before continuing higher in Tuesday's regular session. The deal further positions Pony AI as a competitor to Tesla, which is planning a limited rollout of its robotaxi service in Austin next month. The market's response shows increased confidence in Pony AI's execution strategy and its ability to form high-level partnerships to expand internationally in the competitive autonomous driving space. PONY Price Action: Pony AI shares were up 16.9% at $20.36 at the time of publication Tuesday, according to Benzinga Pro. Read Next: Wall Street Rockets As Bond Yields Drop, Tesla Hits 3-Month Highs: What's Driving Markets Tuesday? Image via Shutterstock. PONYPony AI Inc$20.4017.2%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentumNot AvailableGrowthNot AvailableQualityNot AvailableValue5.10Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Tesla Autonomous Driving Rival Pony AI To Expand Robotaxi Fleet Into Dubai Following Agreement With Regulators - Pony AI (NASDAQ:PONY)

Autonomous driving company Pony AI Inc. PONY has announced it has signed an MoU with Dubai Government's Roads and Transport Authority (RTA) to deploy its autonomous taxi fleet in the Emirate. What Happened: The Tesla Inc. TSLA rival shared the announcement in an official statement on Monday. The expansion comes in line with Dubai's target of transitioning 25% of the Emirate's transportation to autonomous capabilities by 2030, the statement said. The rollout will follow a multi-phase plan, with driverless fully-autonomous robotaxis to be introduced in 2026, according to the statement. Pony AI also aims to ramp up its global robotaxi fleet to "thousands of vehicles" within the next two years, the statement shares. "Dubai stands at the forefront of intelligent urban mobility innovation, and we are honored to collaborate with RTA on this transformative initiative." Pony AI CFO Dr. Leo Wang said in the statement. Why It Matters: With this expansion, Pony AI's global operations now include Dubai, the U.S., South Korea, China and Luxembourg. The company has over 270 robotaxis in its fleet in China. Pony AI has been making moves in the AV segment as the company recently announced a partnership with ride-hailing giant Uber Technologies Inc. UBER and another partnership with Chinese tech giant Tencent Holdings TCEHY to collaborate on Level 4 robotaxis. Get StartedEarn 7.2% -- No Matter What the Fed Does Markets expect rate cuts -- but your earnings don't have to suffer. Lock in 7.2% until 2028 from ten individual bonds. Get Started Elsewhere, Elon Musk's Tesla has been gearing up for the launch of its robotaxi fleet in Austin next month, which Musk says would have over 10 robotaxis deployed in the first week. However, the robotaxi plans have been at the receiving end of criticism from experts. Price Action: PONY gained 6.61% in Pre-market trading, currently trading for $18.56, according to Benzinga Pro data. Check out more of Benzinga's Future Of Mobility coverage by following this link Read Next: Chinese Regulators Will Meet Tesla Rival BYD, Other Companies To Discuss 'Zero Mile' Used Cars: Report Photo courtesy: Michael Vi / Shutterstock.com PONYPony AI Inc$18.667.18%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentumNot AvailableGrowthNot AvailableQualityNot AvailableValue5.10Price TrendShortMediumLongOverviewTCEHYTencent Holdings Ltd$65.780.03%TSLATesla Inc$348.642.74%UBERUber Technologies Inc$89.501.99%Market News and Data brought to you by Benzinga APIs

Pony AI Stock Is Selling Off Again: What's Going On? - Pony AI (NASDAQ:PONY)

Shares of autonomous driving company Pony.ai Inc PONY fell another 7.53% to $17.07 Thursday afternoon, extending Wednesday's 15% drop despite no fresh company-specific news. The selloff comes after a sharp rally earlier this week fueled by the company's announcement of a major expansion into Dubai. What To Know: On Tuesday, Pony.ai revealed it had signed a memorandum of understanding with Dubai's Roads and Transport Authority to launch autonomous robotaxi trials later this year, aiming for a full deployment in 2026. The move supports Dubai's goal of making 25% of its transportation network autonomous by 2030 and marks another step in Pony.ai's global growth strategy. Read Also: Boeing's 737 Max Production Surge Boosts Shares Amid China Delivery Resumption The stock had surged 77% over the past month amid investor enthusiasm surrounding its international deals, including recent partnerships with Uber and Tencent, and a 200% year-over-year increase in robotaxi revenue in the first-quarter. The recent declines could reflect profit-taking after the rally, rather than any shift in fundamentals. Broader sector dynamics may also be contributing to pressure on autonomous vehicle stocks, as competitors like Uber, Lyft and Tesla ramp up full self-driving initiatives. Tesla is preparing to launch a small fleet of driverless Model Ys in Austin within weeks, signaling rising competition in the autonomous mobility space. Read Also: SentinelOne Stock Is Falling Thursday: What's Going On? How To Buy PONY Stock By now you're likely curious about how to participate in the market for Pony AI - be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy "fractional shares," which allows you to own portions of stock without buying an entire share. In the case of Pony AI, which is trading at $17.07 as of publishing time, $100 would buy you 5.86 shares of stock. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to "go short" a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline. According to data from Benzinga Pro, PONY has a 52-week high of $23.88 and a 52-week low of $4.11. Image: Shutterstock PONYPony AI Inc$17.05-7.61%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumNot AvailableGrowthNot AvailableQualityNot AvailableValue5.53Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Pony AI Stock Plunges Wednesday: What's Going On? - Pony AI (NASDAQ:PONY)

Pony AI Inc PONY shares fell 14.85% to $18.18 Wednesday morning, retreating after Tuesday's rally sparked by news of a major expansion into Dubai. The drop comes despite no new company-specific updates for the session and may reflect profit-taking after a sharp month-long surge. What To Know: On Tuesday, Pony AI announced a memorandum of understanding with Dubai's Roads and Transport Authority to deploy autonomous robotaxis. The rollout will begin with supervised trials later this year, followed by a full launch in 2026. The move supports Dubai's goal of making 25% of its transportation network autonomous by 2030. This agreement marks another milestone in Pony AI's global expansion strategy. The company already operates in the U.S., China, South Korea and Luxembourg, with plans to grow its fleet to thousands of vehicles within two years. Recent partnerships with Uber and Tencent underscore its international ambitions. Last week, Pony AI reported first-quarter revenue of $14 million, with robotaxi revenue up 200% year-over-year. A deal with Uber to offer rides through its platform in the Middle East helped boost investor optimism. However, analysts caution the stock may be overbought after its recent 76% month-long run. Read Also: Candel Therapeutics Stock Is Surging Wednesday: What's Going On? How To Buy PONY Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Pony AI's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. According to data from Benzinga Pro, PONY has a 52-week high of $23.88 and a 52-week low of $4.11. PONYPony AI Inc$18.24-14.6%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentumNot AvailableGrowthNot AvailableQualityNot AvailableValue4.96Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Why Shares of Pony AI Are Surging Today

Shares of the Chinese autonomous driving company Pony AI (PONY 16.14%) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the region. Another partnership Since Pony AI debuted its seventh-generation autonomous driving system at an auto show in Shanghai earlier this year, investor interest has surged, and the company has seen a flurry of good news. Pony AI announced a partnership with Uber earlier this year and now one with Dubai, which has shown significant interest in full self-driving vehicles. RTA CEO Ahmed Bahrozyan said in a statement: This partnership is integral to our goal of transforming 25% of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. We are excited to work with Pony.ai, a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai. The partnership aims to start supervised trials this year and then move to fully driverless by 2026. Pony AI is planning to start producing its new robotaxis at scale in the back half of 2025, which will lay the groundwork for global expansion. Pony AI also said its fleet will encompass thousands of vehicles within the next two years. Progressing nicely Investors seem to be quite impressed with the autonomous technology, which Pony AI can now make at a much lower cost than before. The new partnerships are a testament to the company's success. However, with Pony AI trading at a roughly $6.9 billion market cap and still operating at a loss, it's probably too early to go all in just yet. Investors can begin accumulating shares, but should keep positions smaller for now.

Why Pony AI Stock Is Falling Hard Today | The Motley Fool

Shares of the Chinese autonomous-driving company Pony AI (PONY -14.33%) were falling this morning. The decline came after reports that TuSimple, a maker of self-driving trucks, sent sensitive autonomous-vehicle data to China even as it promised the U.S. government not to disclose information based on national security concerns, according to The Wall Street Journal. Pony AI isn't part of the controversy, but the U.S. and China aren't exactly on the best of terms right now amid tariff concerns and geopolitical positioning. The reports about TuSimple are likely worrying some investors that the U.S. could take a more restrictive approach on how autonomous-vehicle data is collected by Chinese companies. Pony AI's stock was down by 13.8% as of 11:16 a.m. ET Wednesday. The U.S. is increasingly focused on protecting data and technology created here from being exported to Chinese companies and the Chinese government. That's led to restrictions on what types of semiconductors can be sold to China and protections against American social media data being exported to China. That's why the Journal's report that TuSimple shared self-driving trade secrets with China could be affecting Pony AI's stock today. Pony AI has permits to operate its autonomous vehicles in several states, and investors may be worried that TuSimple's supposed actions may reflect poorly on the company and potentially lead to increased government scrutiny. Another factor that could be affecting the company's stock price today is that Chinese electric-vehicle (EV) companies are slashing prices. For example, BYD is one of the leading EV companies in China, and it just cut its vehicle prices by up to 34% for some models. Pony AI works with several Chinese EV companies, and investors may be concerned that a slowdown in the EV industry there could hurt its business. With Chinese EVs facing headwinds, tariff uncertainty between the U.S. and China, and now concerns over autonomous-vehicle data, there are plenty of variables that could cause Pony AI's stock to remain volatile right now. That doesn't mean it isn't a good long-term buy, but investors should be aware that the global automotive industry is facing significant pressures right now, and that's spilling over to companies connected to the industry, including those in self-driving tech.