- Goldman Sachs initiated Buy ratings on Chinese Robotaxi leaders Pony.ai (PONY) and WeRide (WRD), citing their technology edge and rapid commercialization.
- The bank forecasts aggressive revenue growth: 100% CAGR for Pony.ai and 80% CAGR for WeRide from 2025-2030, driven by fleet expansion in China and overseas markets.
- Despite the bullish Wall Street call, retail sentiment on Stocktwits remains cautious, with bearish sentiment on PONY and neutral sentiment on WRD.
- The robotaxi space faces rising competition from Tesla‘s Full Self-Driving ambitions, yet Tesla struggles to secure regulatory approval for its system in China.
- Both stocks traded lower on Hong Kong bourses following the report, continuing a year-to-date downtrend.
Wall Street is turning bullish on China’s robotaxi space. Goldman Sachs initiated coverage of China’s autonomous driving leaders Pony.ai and WeRide with Buy ratings and aggressive price targets, noting their technological edge. The firm expects WeRide’s revenue to grow at an 80% compound annual growth rate from 2025 to 2030, according to The Fly. Meanwhile, for Pony.ai, Goldman predicts a 100% CAGR driven by robotaxi fleet expansion and vehicle deployments.
However, retail sentiment on Stocktwits remains cautious toward both Chinese automakers. Consequently, their shares traded down on the Hong Kong bourses at the time of the report. The bullish call comes amid rising competition from Elon Musk‘s Tesla, which has faced delays securing approval for its driver-supervised Full Self-Driving system in China, as Reuters reported. Meanwhile, Tesla’s customer support said on Weibo, “All parties are actively advancing the relevant process, and we will push it to you as soon as it is ready. We are also looking forward to it, please wait patiently.”
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