Pony AI (PONY) Rallies 16.7% as Founder Not Threatened by Tesla Robotaxi Foray

We recently published These 10 Stocks are Stealing the Spotlight. Pony AI Inc. (NASDAQ:PONY) is one of the stocks that soared higher on Tuesday. Pony AI jumped by 16.73 percent on Tuesday to end at $13.26 apiece as investor sentiment was buoyed by comments from its co-founder, suggesting that he was not threatened by Tesla’s robotaxi operations. Pony AI Inc. (NASDAQ:PONY), an autonomous driving company based in China, is similarly expanding robotaxi operations into international markets. Last month, it partnered with Uber Technologies Inc. (NYSE:UBER) for the expansion of its robotaxis in key markets in the Middle East, as well as other countries. Pony AI Inc. (NASDAQ:PONY) co-founder Lou Tiancheng was quoted as saying in a report by Car News China that Tesla “hasn’t yet taken a seat at the L4 poker table,” which classifies vehicles with both driverless operations and large-scale deployment of autonomous vehicles. A fleet of autonomous vehicles driving down a sun-drenched highway. In recent news, Pony AI Inc. (NASDAQ:PONY) last week unveiled its seventh-generation Robotaxi at the 2025 International Automotive & Supply Chain Expo in Hong Kong. The Gen 7 robotaxi utilizes 100% automotive-grade components and boasts a 70% cost reduction in its autonomous driving kits. It is also designed for adaptability and supports integration across various vehicles. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.