This week was a whirlwind of activity in the tech and auto sectors. From Pony AI Inc. reporting its Q2 results to Ferrari N.V. auctioning its first Luce EV, there was no shortage of news.
Tesla Inc. also made headlines with a massive recall in China and a focus on its Cybercab operations. Meanwhile, Alphabet Inc. subsidiary Waymo received approval for a significant expansion in California.
Pony AI’s Mixed Q2 Results
Despite reporting an adjusted loss of 10 cents per share, beating the consensus loss estimate of 27 cents, Pony AI’s stock traded lower in Tuesday’s premarket session. The company’s revenue rose 68.8% YoY to $36.22 million, driven by growth in Robotaxi and Robotruck services, but missed the $67.03 million consensus estimate.
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