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Pony AI shares were up 8.26% at $9.50 at the time of publication on Wednesday.
Pony AI launched its first commercial robotaxi service in Europe, specifically in Zagreb.
KEY POINTS
- The company aims to expand its fleet to 3,000 vehicles by year-end, validating its business model.
- Pony AI's Q4 revenue was $29.1 million, beating analyst expectations but down 18% year-over-year.
- Pony AI stock is oversold with an RSI of 29.47, suggesting potential for a rebound.
- PONY holds significant ETF weights, so ETF inflows or outflows could impact its stock price.
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