Pony AI: Low Fairs May Damage Long-Term Potential (Downgrade To Hold)

I have been covering Pony AI Inc. ( PONY ) since June , with a positive but cautious view based on an asset-light robotaxi business model that suggested breakeven results at the 50kExperience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit fr ...