Pony AI Inc. (NASDAQ:PONY) shares ticked higher in Tuesday’s premarket trading.

The company said Tuesday it has received regulatory approval to begin by-invite robotaxi rides in Singapore, marking the final testing phase before a public launch.

The service, operated with ComfortDelGro, runs on a 12-kilometer route in Punggol, connecting residential areas to key commercial hubs and transit points, with potential travel time savings of up to 15 minutes.

The milestone advances Pony AI’s dual-engine strategy to scale autonomous mobility in China and overseas markets. The company launched its Singapore program in September 2025 as part of its global expansion, building on a broader partnership with ComfortDelGro.

CEO James Peng said the move brings the service closer to real-world commuting use. During the by-invite phase, selected users will test the service while the company works with regulators to refine operations ahead of a full public rollout.

Technical Analysis

At $8.94, the stock is trading 17% below its 20-day simple moving average (SMA) of $10.78, suggesting a bearish short-term trend. Additionally, it is 29.9% below its 50-day SMA of $12.75, indicating continued weakness in the intermediate term.

The relative strength index (RSI) currently sits at 30.32, which is near oversold territory, suggesting potential for a rebound if buying interest increases. The stock has shown a 12-month performance of 37.00%, reflecting a recovery from lower price levels over the past year.

  • Key Resistance: $10.00 — A psychological barrier where selling pressure may increase.
  • Key Support: $8.00 — A level where buyers could step in to prevent further declines.

Pony AI’s recent advancements in Singapore highlight its commitment to expanding its autonomous mobility services internationally. This move not only reflects its growth strategy but also positions Pony AI as a competitive player in the global autonomous driving market.

Earnings & Analyst Outlook

Pony AI is slated to provide its next financial update on May 19, 2026 (estimated).

  • EPS Estimate: Loss of 13 cents (Down from Loss of 10 cents)
  • Revenue Estimate: $21.96 million (Up from $13.98 million)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $21.17. Recent analyst moves include:

  • HSBC: Initiated with Buy (Target $16.60) (March 31)
  • Barclays: Equal-Weight (Lowers Target to $10.00) (March 30)
  • Barclays: Initiated with Equal-Weight (Target $15.00) (December 17, 2025)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Pony AI, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Bullish (Score: 83/100) — Stock is outperforming the broader market.

The Verdict: Pony AI’s Benzinga Edge signal reveals a momentum-driven story, reflecting strong performance relative to market peers. However, the overall technical setup suggests caution as the stock navigates near key support levels.

Top ETF Exposure

  • SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL): 2.34% Weight
  • Roundhill Robotaxi, Autonomous Vehicles & Technology ETF (NASDAQ:CABZ): 4.36% Weight

Significance: Because PONY carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

PONY Stock Price Activity: Pony AI shares were up 0.11% at $8.97 during premarket trading on Tuesday, according to Benzinga Pro data.

Image via Shutterstock