These 10 Firms Were Battered by Dismal Earnings, Outlook Guidance

8. Pony AI Inc. (NASDAQ:PONY)

Pony AI saw its share prices drop by 5.8 percent on Wednesday to finish at $9.09 apiece as investors continued to book profits following Monday’s surge, with news of its entry into the robotaxi industry already priced in by the investing public.

According to reports earlier this week, Pony AI Inc. (NASDAQ:PONY) is setting its sights on the robotaxi industry, especially that it is now able to build its autonomous driving system for 70 percent less.

Pony AI Inc. (NASDAQ:PONY) is originally an autonomous driving technology company that only supports carmakers in making vehicles autonomous.

In an interview with CNBC on Friday, PONY CEO James Peng said that the firm is currently in talks with Tencent Cloud to offer robotaxi services on the latter’s WeChat and other applications. He said both parties will benefit from the latter’s huge user base and cloud offerings.

In other news, PONY is set to release the results of its first quarter earnings performance on Tuesday, May 20, 2025.