Key Highlights

● Pony AI closed at $6.54 on Tuesday, September 29, down 5.76% from the prior close of $6.94.

● XPeng fell 4.82% and Tencent Music fell 4.90% as US-listed Chinese stocks weakened across the session.

● Trailing twelve-month revenue was $125.04 million, up 45.8%, while the net loss over the period was $148.13 million.

● The close sits 2.7% above the 52-week low of $6.37, in a range that reached $24.92.

Pony AI Inc. (NASDAQ:PONY) fell 5.76% on Tuesday, September 29, 2026, to close at $6.54 from $6.94, moving with other US-listed Chinese stocks while the broader US market barely changed. The Nasdaq Composite eased 0.09% to 26,797.54.

A Weak Day for US-Listed Chinese Names

XPeng (NYSE:XPEV) fell 4.82% to $9.47 and Tencent Music Entertainment (NYSE:TME) fell 4.90% to $7.96. NIO (NYSE:NIO) and Li Auto (NASDAQ:LI) also finished the session lower. Pony AI's 5.76% decline was larger than those of XPeng and Tencent Music.

Revenue Growth and Losses

Pony AI develops autonomous driving technology and robotaxi services. Its trailing twelve-month revenue was $125.04 million, up 45.8% from the prior period, while the net loss over the same period was $148.13 million. The company listed on Nasdaq on November 27, 2024.

Autonomous driving is a capital-intensive business in which fleets, software development and safety validation are paid for well before revenue reaches scale, which is why revenue growth and losses tend to be read together for companies in the field.

Trading Near the 52-Week Low

The shares closed 2.7% above their 52-week low of $6.37 and far below the 52-week high of $24.92, a range that shows how much the stock has moved since the listing.

Group Moves and a Depressed Price

Ten-year Treasury yields held near 5.25% and consumer confidence fell to its lowest level in 12 years, with the Conference Board index at 81.9 in September. Against that backdrop, Pony AI's decline came alongside other US-listed Chinese stocks.