We recently published a list of Traders Ditched These 10 Stocks. Here’s Why. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other worst-performing stocks.
Shares of Pony AI dropped for a second day on Thursday, shedding 7.10 percent to close at $17.15 apiece as investors continued to book profits from its recent price surge.
Pony AI Inc., a China-based robotaxi company, is slowly expanding globally with its planned entry into Dubai and other key markets in the Middle East.
On Tuesday, it joined forces with Dubai’s Roads and Transport Authority (RTA) for the deployment of its robotaxi fleet in the region in support of the city’s 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030.
An employee working in a modern office space, overseeing software-as-a-service solutions.
According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026.
Additionally, Pony AI Inc. plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years.
The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis.
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This article is originally published at Insider Monkey.
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