Pony AI Stock Surges 10% Amid Robotaxi Expansion Plans
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BTCCSquare news:
Pony AI shares galloped as much as 12% in early trading Monday before settling at a 10% gain, despite a lack of immediate catalysts. The autonomous vehicle startup, which focuses on AI-driven robotaxi services in China and Qatar, carries a $5B+ valuation but reported just $86M in trailing revenue alongside $320M in losses.
Growth remains sluggish—revenue climbed only 25% over 2.5 years, while losses more than doubled. A recent partnership with Qatar's Karwa to test robotaxis in Doha may signal future commercialization potential, though profitability remains distant.
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