Pony AI raised its year-end robotaxi fleet target to 3,500 vehicles and said it now expects full-year robotaxi revenue to exceed 3.5 times 2025 levels.
Pony AI, which develops full-stack autonomous driving technology, also faces mixed investor signals as billionaire holdings fell from about $238.68 million in Q4 2025 to $95.25 million in Q1 2026 while ARK bought 45,949 shares worth roughly $396,080 on June 8, Yahoo Finance reported.
Macquarie analyst Eugene Hsiao lowered his price target on Pony AI to $24 from $25 but kept an "Outperform" rating after first-quarter revenue beat Macquarie's estimate and Bloomberg consensus by roughly 60%, driven by 400% robotaxi revenue growth and strong domain controller sales, the bank said.
Macquarie raised its 2026 fleet forecast but trimmed the price target because of higher operating expenses.
Reuters reported that China’s safety review of autonomous driving has not affected Pony AI, and CEO James Peng said the business had not been impacted and that the company is pushing ahead with expansion into more cities.
The company reported a net loss of $53.5 million for the quarter, up from $37.4 million a year earlier.
