Pony Plunges 8.77% on $290M Volume Surge, Claims 447th U.S. Trading Rank

On October 10, 2025, Pony (PONY) closed with an 8.77% decline, marking one of the largest single-day drops in its trading history. The stock saw a surge in trading activity, with a total turnover of $290 million—representing a 163.37% increase from the previous day—placing it 447th in trading volume among U.S. equities. The sharp drop follows a series of strategic recalibrations within the autonomous driving sector, though specific catalysts remain unconfirmed.

Analysts suggest the move reflects broader market skepticism toward near-term monetization timelines for mobility-as-a-service platforms. Recent industry developments indicate heightened competition in both hardware integration and regulatory approvals, creating downward pressure on valuation multiples for tech-driven transport providers. The stock’s liquidity spike suggests increased retail and institutional positioning adjustments ahead of potential earnings catalysts in the coming quarter.

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