Stock Track | Pony AI Shares Plummet 5.89% Amidst Mixed Robotaxi Industry Outlook
Shares of Pony AI Inc plummeted 5.89% in intraday trading on Wednesday, as investors grappled with a mixed outlook for the robotaxi industry. The sharp decline comes amid growing concerns about the challenges facing autonomous vehicle companies, despite potential profitability on the horizon.A recent analysis of the robotaxi sector highlighted both promising developments and significant hurdles for companies like Pony AI. While analysts forecast that Pony AI could achieve profitability by 2029,