Pony AI Stock Plunges 6.70% Amid Revenue Decline
1min read Pony AI's stock price has plummeted, with a 6.70% drop today, marking the fourth consecutive day of decline and a 22.30% decrease over the past four days. The share price hit a record low today, with an intraday decline of 8.04%.
Pony AI has recently reported a significant decline in revenue, with a 29.8% year-over-year decrease in sales and a 61.9% decrease in Robotaxi services revenue. This financial performance has raised concerns among investors about the company's ability to sustain growth and profitability.
On March 25, 2025, Pony AI's American Depositary Shares (ADSs) fell by $1.07 per ADS, or 8.1%, closing at $12.14 per ADS. This drop followed news related to Rosen Law Firm's actions, which have added to the uncertainty surrounding the company's future prospects.
Allegations have been made that pony ai may have issued materially misleading business information, further impacting the stock's performance. These allegations have raised questions about the company's transparency and integrity, leading to a loss of investor confidence.
