Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

Pony AI stock: Tencent news sends robotaxi specialist up 20% on Friday

admin by admin
April 25, 2025
in Politics
0
Pony AI stock: Tencent news sends robotaxi specialist up 20% on Friday
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Pony AI Inc (NASDAQ: PONY) is up some 20% in premarket after the Chinese startup said it has teamed up with Tencent to develop autonomous driving technology. 

At the time of publishing, the stock has pared some early gains and now trades around 10% higher.

Pony will collaborate with the Shenzhen-headquartered giant on areas like “cloud services, mapping, and cockpit ecosystem technologies,” according to its press release on Friday. 

Note that Pony AI has already secured a permit from Beijing’s regulatory authorities to charge for its fully autonomous rides in select parts of Shenzhen. 

Despite today’s sharp surge, Pony AI stock is still down more than 60% versus its YTD high in late February. 

What does Tencent’s partnership mean for Pony AI stock?

Users in the Shenzhen area will now be able to book a Pony AI robotaxi from within WeChat, the press release added. 

Partnering with Tencent is a huge step towards the company’s broader commitment to scaling up its operations, given the titan’s massive user base and expertise in cloud offerings, James Peng, the chief executive of Pony AI, said in a CNBC interview today. 

Working with Tencent will likely help Pony AI continue to strengthen its hold on the Chinese market for robotaxi services. 

Investors should note that Wall Street currently has a consensus “buy” rating on Pony AI stock.

On average, analysts see upside in the robotaxi specialist to $20 at the time of writing. 

Pony AI has been struggling with top-line growth

According to Zhong Xiangping, the vice president of Tencent, teaming up with Pony AI Inc “marks a new starting point for collaborative innovation.”

The company’s popular super app, WeChat, currently has more than a billion monthly users.

Teaming up with Tencent may help the Chinese startup with revenue growth as well – something that it has struggled with lately. 

In its latest reported quarter, Pony AI saw its robotaxi services revenue tank nearly 62% on a year-over-year basis to $2.6 million. 

Note that Pony AI shares do not currently pay a dividend. 

Pony AI shares remain a risky investment

While Pony AI is evidently growing fast in the Chinese market, investors should tread with caution as the startup could come in the crosshairs of the escalating US-China trade tensions. 

CEO Peng has dubbed the United States a “hugely important” market for the company’s expansion plans on numerous occasions. 

However, speaking with the Financial Times earlier this week, he confirmed that PONY was considering a secondary listing as the trade war between the world’s largest two economies could see Washington demand a delisting of Chinese firms from the NYSE.

If Pony AI stock was indeed delisted, its tenure as a US-listed company would be less than six months.

Peng, however, refrained from commenting on what countries the company was exploring for a secondary listing.  

The post Pony AI stock: Tencent news sends robotaxi specialist up 20% on Friday appeared first on Invezz

Previous Post

Revolut tops $1 billion in profit as crypto trading, growing user base fuel growth

Next Post

T-Mobile falls 6% on lagging phone subscriber growth; analysts acknowledge market strength but say TMUS is overvalued

admin

admin

Next Post
T-Mobile falls 6% on lagging phone subscriber growth; analysts acknowledge market strength but say TMUS is overvalued

T-Mobile falls 6% on lagging phone subscriber growth; analysts acknowledge market strength but say TMUS is overvalued

Trending News

Here’s why the IBIT ETF stock is at risk of a pullback

Here’s why the IBIT ETF stock is at risk of a pullback

August 21, 2025
Oppenheimer’s survey sheds light on the state of ML/Gen AI

Oppenheimer’s survey sheds light on the state of ML/Gen AI

November 9, 2024
Archer Aviation wins LA28 Olympics contract: is ACHR grossly undervalued?

Archer Aviation wins LA28 Olympics contract: is ACHR grossly undervalued?

May 17, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.