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Pony AI (PONY) on Track to Deliver 1,000 Gen-7 Robotaxis by Year-End

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Pony AI Inc. (NASDAQ:PONY) is one of the AI Stocks Investors Are Watching CloselyOn August 12, the company announced its unaudited financial results for the second quarter ended June 30, 2025. It announced producing over 200 Gen-7 robotaxi vehicles as of August 11, which positions it well on track to reach its target of 1,000 vehicles by year-end.

The company’s second-quarter revenues increased 76% year-over-year to $21.5 million, attributed largely to its robotaxi services and licensing revenues. Robotaxi services revenues grew 158% to $1.5 million, whereas fare-charging revenues increased over 300%.

Pony AI (PONY) on Track to Deliver 1,000 Gen-7 Robotaxis by Year-End
Pony AI (PONY) on Track to Deliver 1,000 Gen-7 Robotaxis by Year-End

A driver standing in front of an electric car, demonstrating the company’s electric vehicle leasing capabilities.

PONY AI reports beginning mass production of its Gen-7 robotaxi models in June and July via partnerships with Guangzhou Automobile Group and Beijing Automotive Industry Corporation. Its fully-driverless commercial robotaxi services are operated across China’s four tier-one cities; whereas it has also expanded operations to Dubai, South Korea, and Luxembourg.

“This quarter marked a significant milestone in our journey toward large-scale production and deployment, further solidifying our leadership in the Robotaxi industry. Since mass production started two months ago, over 2001 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target. Our robust Robotaxi revenues more than doubled, with fare-charging revenues surging by over 300% year-over-year. The path toward positive unit economics is also clear, as we made substantial improvements in key cost items such as remote assistance and vehicle insurance. These achievements are underpinned by our rapid scaling and operational breakthroughs in all four tier-one cities in China, coupled with expanded presence in Dubai, South Korea and Luxembourg. As we enter the second half of this pivotal year of mass production, we are driving strongly toward positive unit economics and accelerating our multi-year growth trajectory.” – Dr. James Peng, Chairman and Chief Executive Officer of Pony.ai.

Pony AI Inc. (NASDAQ:PONY) specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions.

While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Serbia ruling party offices set on fire in fifth night of protests

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Watch: Protesters target political party office during Serbia demonstrations

Fresh clashes erupted between anti-government protesters and riot police across Serbia in the fifth night of unrest in a row, after offices of the the ruling Serbian Progressive Party (SNS) were set on fire.

Police in Valjevo reportedly used stun grenades and tear gas on protesters after a small group of masked people attacked the empty facilities of the SNS, setting them on fire.

There were widespread allegations of violence and police brutality in the capital, Belgrade, and Novi Sad. Serbia’s interior ministry has denied these allegations.

It comes as Russia pledged to shore up the beleaguered pro-Moscow President Aleksandar Vučić, who leads the SNS, saying it would not “remain unresponsive”.

Reuters Anti-government protesters break the windows of the offices of the ruling Serbian Progressive PartyReuters

Anti-government protesters break the windows of the offices of the ruling Serbian Progressive Party

The protests were initially triggered by a railway station collapse in Novi Sad in November last year, with Serbians demanding an early election and the end to President Aleksander Vučić’s 12-year reign.

While anti-corruption demonstrations have drawn in hundreds of thousands of protestors, they had been largely peaceful until Wednesday’s clash, when pro-government loyalists staged counter-demonstrations.

On Saturday night, riot police were again deployed in a number of cities including Belgrade as people took part in demonstrations to demand early elections.

Offices and flags representing Vučić’s SNS party had been a focus of the protesters’ anger.

Protesters also smashed the windows of the headquarters of the Serbian Radical Party, a coalition partner of the ruling SNS.

In the past week, injuries have been reported at protests across the country and unverified video has circulated on social media of police beating a man in Valjevo.

Michael O’Flaherty, the Council of Europe’s Commissioner for Human Rights, raised concern on Friday over the “police’s disproportionate force” in Serbia, urging authorities to “end arbitrary arrests and de-escalate the situation”.

Vučić responded to Saturday’s developments on Instagram, writing that “violence is an expression of total weakness” and promising to “punish the bullies.”

He has repeatedly rejected calls for early elections and denounced the demonstrations as part of a foreign plot to overthrow him.

Russia’s Foreign Ministry has offered their support to the pro-Moscow right-wing president.

In a statement the ministry said that “we cannot remain unresponsive to what is happening in brotherly Serbia.”

The statement said that police were “using lawful methods and means to contain the violent mobs” and that “public order, security, and human lives” were at risk.

Almost daily protests have gripped Serbia since November, after the collapse of the Novi Sad railway station roof that killed 16 people.

The tragedy became a symbol of entrenched corruption in the Balkan country, with initial calls for transparent probes growing into demands for early elections.

At their peak, the protests drew hundreds of thousands on to the streets.

Mamdani moves to widen his tent ahead of New York City election

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Moderate Democrats have been wary of progressive upstart-turned-party-nominee Zohran Mamdani since before he secured the Democratic nomination for New York City mayor in June.

But Mamdani, the self-proclaimed Democratic socialist, has made efforts to widen his tent in recent weeks.

On Monday, he met with business leaders and gave a speech at an African Methodist Church, seeking to appeal to demographics that have been lukewarm, and even outright resistant, toward him.

Last month, he agreed to condemn the phrase “globalize the intifada,” something that angered moderate parts of the New York electorate. And, a day earlier, he said he was open to keeping Jessica Tisch as police commissioner, a move that could upset his far-left base.

Political observers say there’s evidence Mamdani’s efforts to consolidate support with a move toward the center are succeeding.

“He’s getting more endorsements slowly. He’s getting more meetings. And people and industries are looking to gear up for a Mamdani administration,” said New-York based Republican strategist Susan Del Percio, who worked for former New York Gov. Andrew Cuomo, an opponent of Mamdani’s, as a special adviser in 2014. “It’s just a recognition of, ‘This is who I’m probably going to be working with in six months.’”

“They’re giving it to Mamdani or they’re not supporting anyone else, which is by default, giving it to Mamdani,” Del Percio added.

A Siena College poll out Tuesday showed Mamdani leading the field of candidates for New York City’s mayorship with 44 percent of the vote. Cuomo, who is running as an independent, trailed with 25 percent of the vote, followed by Republican candidate Curtis Sliwa with 12 percent. Mayor Eric Adams, who is also running as an independent, had 7 percent.

Despite Mamdani’s hefty lead, Cuomo is still putting up a fight.

Last week, Cuomo went after Mamdani in a viral statement on the social platform X, lambasting his rival for living in a rent-controlled apartment. 

“Somewhere last night in New York City, a single mother and her children slept at a homeless shelter because you, assemblyman @ZohranKMamdani, are occupying her rent controlled apartment,” the statement read. “You grew up rich and married an even wealthier woman. You’ve had weddings on 3 continents. You own property in LGTBQIA+ murderous Uganda. You make $142,000 a year plus stipends, and your wife works too, meaning you together likely make well over $200,000.”

“We are in the middle of a historic affordability crisis. Millions of low income New Yorkers need this apartment and an apartment like it. Yet your apartment remains rented to rich people who don’t need it,” Cuomo’s statement continued. “Today, I am calling on you to move out immediately and give your affordable housing back to an unhoused family who need it. Leaders must show moral clarity. Time to move out.”

Cuomo’s attacks come as Democratic party leaders, including Senate Minority Leader Chuck Schumer (N.Y.), House Minority Leader Hakeem Jefferies (N.Y.) and New York Gov. Kathy Hochul, have notably withheld endorsements from Mamdani — their party’s nominee.

Political observers say that up until his victory in June’s Democratic primary, Mamdani’s brand diverged from establishment figures — like Schumer, Jefferies and Hochul — and was centered on resisting big money interests.

With the general election in November inching closer, they say he has to open himself up.

“Because it’s New York City, he’ll have to talk to corporate America, and he’ll have to talk to real estate because that is part of the economic foundation of our city,” said Democratic strategist Basil Smikle, who served as executive director of the New York State Democratic Party.

“He’s going to have to find some common ground that gives them the opportunity to say that he’s a fair broker, and he would be able to say that he’s delivering for the voters with and staying true to his main base.”

Strategists say Mamdani is making these efforts both to steer endorsements away from his competitors and to lay the groundwork for operational success as mayor. 

At the same time, some strategists say he will also have to make political inroads with his weakest demographics to secure a victory in November.

“Just by definition, you have to … do addition to win elections, and I’d be surprised if he wasn’t doing that,” Democratic strategist Joel Payne said. “The one part of the electorate that he could do a market improvement with would be working class, particularly African American, voters, who are a more traditional Democratic constituency.”

“The pitch might sound a little different, but the notes are going to be the same,” Payne added. “Those folks care about bottom line economic issues, just like the people that boosted him and his primary campaign.”

Some political observers say Mamdani can get away with his current base because enough voters want new blood — and the rest of the electorate remains divided over the three other candidates in this race.

“He’s being helped by a somewhat crowded field with other legitimate candidates,” said Grant Reeher, the director of Syracuse University’s Campbell Public Affairs Institute. “In addition, there’s no question that most voters are dissatisfied with the status quo, and he is definitely a change candidate.”

Reeher added that any new traction Mamdani manages to gain “probably boils down to how unpalatable Andrew Cuomo seems to the more mainstream Democrats.”

And while Mamdani has begun talking to the more moderate Democratic establishment and is trying to expand his base — regardless of whether he needs to — strategists say a long and bumpy road awaits the mayoral hopeful.

“He’s not ready for prime time. He’s got to be doing everything he can to get ready for it, and it’s going to be really hard,” Del Percio said. “He will … be a topic for national scrutiny.”

“You’ve never seen a president go after a city, and then add that it’s Donald Trump and New York City with an inexperienced unknown,” Del Percio added. “That gives me the chills.”

A House of Cards on a Sand Dune

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A House of Cards on a Sand Dune

Starmer to call European allies ahead of Zelensky White House visit

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Prime Minister Sir Keir Starmer will join a video call with European allies on Sunday ahead of Ukrainian President Volodymyr Zelensky’s visit to the White House next week.

French President Emmanuel Macron and German Chancellor Friedrich Merz will join Sir Keir in hosting the “coalition of the willing”, after Donald Trump and Vladimir Putin failed to reach a ceasefire deal at a summit in Alaska.

On Saturday, the prime minister praised Trump for having brought an end to the war in Ukraine “closer than ever before”, but warned that the “path to peace” could not be decided without Zelensky.

It comes after the US president said he wanted to bypass a ceasefire to move directly to a permanent peace deal.

On Saturday, the US president said on his Truth Social platform that it was “determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a peace agreement”, in a major shift in position.

Zelensky later said that Russia’s refusal to agree to a ceasefire “complicates” efforts to end the war.

On Monday, the Ukrainian leader will travel to Washington DC, where US President Trump has said he will urge Zelensky to agree to a peace deal.

In the wake of the Anchorage summit, Sir Keir spent Saturday morning speaking to Western allies.

Following the calls, he said in a statement: “I welcome the openness of the United States, alongside Europe, to provide robust security guarantees to Ukraine as part of any deal.

“President Trump’s efforts have brought us closer than ever before to ending Russia’s illegal war in Ukraine.

“His leadership in pursuit of an end to the killing should be commended,” Sir Keir said.

Until Putin stops his “barbaric assault”, allies would “keep tightening the screws on his war machine with even more sanctions”, he added.

A Downing Street source told the BBC that any peace deal needed security agreements and “US involvement is a key part of that”.

Following a call with Trump on Saturday, Zelensky called for a lasting peace, “not just another pause between Russian invasions”.

He stressed Kyiv should be included in future discussions, and said he expected Russia to “increase pressure and strikes” in the coming days to “create more favourable circumstances for talks with global actors”.

Watch: How the Trump-Putin summit unfolded… in under 2 minutes

On Friday, Zelensky visited Sir Keir at Downing Street, and the pair greeted each other in a warm embrace before holding talks over breakfast.

It was seen as a carefully co-ordinated show of support from the UK, ahead of the the Trump-Putin summit.

White House responds to report of Alaska summit papers left on public printer: 'Hilarious'

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The White House responded to an NPR report revealing that U.S. government papers about the President Trump and Russian President Vladimir Putin summit in Alaska were left on a public hotel printer, dismissing it as “hilarious.” 

“It’s hilarious that NPR is publishing a multi-page lunch menu and calling it a ‘security breach,’” White House Deputy Press Secretary Anna Kelly said in a Saturday statement to The Hill’s sister network, NewsNation. “This type of self-proclaimed ‘investigative journalism’ is why no one takes them seriously and they are no longer taxpayer-funded thanks to President Trump.”

NPR reported that the eight papers, which contained information about meetings and locations of the summit, along with phone numbers of three U.S. government workers, were found on a hotel printer before the Friday Trump-Putin meeting at Joint Base Elmendorf-Richardson near Anchorage. 

The first page of the papers showed the sequence of meetings for Friday, including information that the president would give Putin a gift. Pages two through five showed the names of the top U.S. and Russian officials in Alaska on Friday. Page two showed the phone numbers of three U.S. advance staffers. Pages six and seven showcased the lunch seating chart and the menu. 

The planned lunch did not take place on Friday, but it would have included a three-course meal, including a salad, filet mignon and or halibut olympia, according to documents obtained by NPR. 

The documents appear to be produced by the Office of the Chief of Protocol, part of the State Department that seeks to “advance the foreign policy goals of the United States by creating an environment for successful diplomacy. Our team extends the first hand that welcomes presidents, prime ministers, ruling monarchs, and other leaders to our country.” 

Corrections & Amplifications

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Corrections & Amplifications

Ravens’ Tyler Loop drills 5 field goals, named starting kicker

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Baltimore Ravens rookie kicker Tyler Loop is officially the successor to Justin Tucker.

“He’ll be the kicker,” Ravens coach John Harbaugh said after Saturday’s 31-13 preseason win at Dallas. “He’s earned it.”

Harbaugh’s announcement came after an impressive performance by Loop. He made 5-of-6 field goals on Saturday, including ones from 51 and 53 yards.

When told that Harbaugh named him the Ravens’ kicker, Loop told reporters in Dallas, “That’s fun.”

The Ravens selected Loop in the sixth round this year, making him the first kicker to be drafted in the franchise’s 30-year history. Nine days later, Baltimore cut Tucker, who was being investigated by the NFL at that time for sexual misconduct. Tucker, the most accurate kicker in NFL history, has since been suspended by the league for violating the personal conduct policy.

Loop won over the Ravens during spring workouts and training camp with his strong leg and consistency. Baltimore cut undrafted rookie kicker John Hoyland on Aug. 2, which made Loop the only kicker on the roster. A day later, Loop crushed a 60-yard field goal at a practice at M&T Bank Stadium.

But Harbaugh declined to name Loop the team’s kicker at that point, saying the job would be decided by what Loop did in the preseason games. He is 6-of-8 in the preseason, missing from 46 and 50 yards.

“He’ll get another chance to get back out there next week and kick some more and just keep improving,” Harbaugh said. “But I just appreciate the fact that he wants to make them all, but he had a good night.”

Yvette Cooper defends Palestine Action ban as 60 more faces charges

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Kathryn Armstrong

BBC News

EPA A close up of Yvette Cooper as she walks past some bushes. She is smiling slightly and wearing a blue jacket and white leaf-shaped earrings. Her hair is cropped short.EPA

Yvette Cooper previously said that some supporters of Palestine Action “don’t know the full nature” of the group

The home secretary has again defended the proscription of Palestine Action as a terrorist group, saying it is more than “a regular protest group known for occasional stunts”.

Writing in the Observer, Yvette Cooper said the group had claimed responsibility for incidents that saw those allegedly involved subsequently charged with a range of crimes, including violent disorder and aggravated burglary.

She added that the Crown Prosecution Service (CPS) had assessed these charges have a “terrorism connection”.

Her comments come after the Metropolitan Police said on Friday that a further 60 people would be prosecuted for showing support for Palestine Action.

More than 700 people have been arrested since the group was banned by the government on 5 July – including more than 500 at a demonstration in central London last week.

On Saturday, Norfolk Police arrested 13 people accused of supporting the group, after a protest in Norwich city centre.

The Met added that more prosecutions were expected in the coming weeks and that arrangements had been put in place “that will enable us to investigate and prosecute significant numbers each week if necessary”.

Palestine Action has engaged in activities that have predominantly targeted arms companies since the start of the current war in Gaza.

Cooper moved to ban the group after activists from the group caused an estimated £7m of damage to jets at RAF Brize Norton in June.

The home secretary said while many were aware of that incident, fewer would be aware of other incidents for which the group had claimed responsibility.

Cooper also referenced a so-called “Underground Manual” from the group, which she said “encourages the creation of cells, provides practical guidance on how to identify targets to attack and how to evade law enforcement”.

“These are not the actions of a legitimate protest group,” Cooper said.

She also reiterated a comment made to the BBC earlier this week that some people who were supporting Palestine Action out of concern for the humanitarian situation in Gaza were not aware of the true nature of the group.

“No-one should allow desperate calls for peace in the Middle East to be derailed into a campaign to support one narrow group involved in violence here in the UK,” Cooper said.

The government’s banning of Palestine Action means membership of or support for the group became a criminal offence, carrying a sentence of up to 14 years.

Last month, the group won permission to challenge the ban and its case will be heard in the High Court in November. It argues that the ban breaches the right to free speech and has acted as a gag on legitimate protest.

Rights groups have also been critical both of the proscribing of Palestine Action as a terrorist group and of the subsequent arrest of hundreds of people.

Amnesty International’s chief executive, Sacha Deshmukh, earlier this week suggested the response to last weekend’s protest was disproportionate.

“We have long criticised UK terrorism law for being excessively broad and vaguely worded and a threat to freedom of expression. These arrests demonstrate that our concerns were justified,” he said.

The UK is not one of Israel’s main suppliers of arms but does provide some parts for the F-35 jet – state-of-the-art multi-role fighter that has been used extensively by Israel to strike Gaza.

The Royal Air Force (RAF) has also flown hundreds of surveillance flights over Gaza since December 2023, reportedly using Shadow R1 spy planes based at an RAF base in Akrotiri in nearby Cyprus.

But the foreign secretary has insisted that the flights have not led to the sharing of any military intelligence with the Israeli military.

Judge expands Paxton restraining order against O’Rourke over Texas Dems fundraising

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A judge on Saturday expanded Texas Attorney General Ken Paxton’s (R) restraining order against former Rep. Beto O’Rourke (D-Texas) and his political organization, Powered by People, over its fundraising for state Democratic lawmakers who fled Texas amid the redistricting battle. 

A Tarrant County judge ruled that O’Rourke and his political group are barred from sending money out of the Lone Star State, coming after Paxton sought to revoke the charter of O’Rourke’s organization, accusing it of committing bribery. 

“The Court finds that harm is imminent to the State, and if the Court does not issue this order, the State will be irreparably injured. Specifically, Defendants’ fundraising conduct constitutes false, misleading, or deceptive acts under the Texas Deceptive Trade Practices Act, because Defendants are raising and utilizing political contributions from Texas consumers to pay for the personal expenses of Texas legislators, in violation of Texas law,” 348th District Court Judge Megan Fahey said in a four-page Saturday order.

Fahey said that financial institutions and political fundraising platforms, like ActBlue, are barred from transferring O’Rourke’s or Powered by People’s, a leadership political action committee, donations “outside of Texas in support of the unlawful scheme.” 

O’Rourke has been in Paxton’s crosshairs as his PAC has been raising money for Texas state legislators who left the Lone Star State for nearly two weeks to prevent the new, GOP-friendly congressional maps from passing. On Friday afternoon, Texas Republicans gaveled in a second special session. Democrats are expected to return to Texas soon. 

Last week, a Texas judge granted a temporary restraining order against O’Rourke, a former presidential candidate, and his political organization after the Texas attorney general claimed that the PAC was misleading donors. 

O’Rourke said Saturday morning that Powered by People gave over $1 million to Texas Democrats during a special session, including to the Texas Legislative Black Caucus, the Texas House Democratic Caucus and the Mexican American Legislative Caucus. 

Paxton celebrated the judge’s decision, saying that in Texas, “lawless actions have consequences, and Beto’s finding that out the hard way.” 

“His fraudulent attempt to pad the pockets of the rogue cowards abandoning Texas has been stopped, and now the court has rightly frozen his ability to continue to send money outside of Texas,” Paxton said in a statement. “The cabal of Democrats who have colluded together to scam Texans and derail our Legislature will face the full force of the law, starting with Robert Francis O’Rourke.”