Shares Weride (NASDAQ: WRD) There was another big sell-off on Monday as investors continued to bet on competitors. The company's share price dropped the closing price of the daily meeting by 5.5%, and the stock's revenue has fallen by 14.3% in today's trading. Competitor's Stocks The pony is here It jumped 47.2% in the meeting.

Recent tech announcements followed the rapid gains of Pony stocks in correspondence with Weride’s big sell-off. Weride fell 22% despite Pony stock now up 143% from last month.

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Pony launched its new driverless car software and Robotaxi range last week, and excitement around competitors' new technology helped spur Weride's big sell-off. The slideshow intensified last week after Tencent announced a new partnership with Pony, and the callback to valuation is continuing with new details about Pony's software.

In the report released today Wall Street Journal Citing the latest comment from Pony CTO Tiancheng Lou, who noted that the new software platform puts the company on the brink of moving to profitability. Lou said software optimization allows Pony to produce state-of-the-art automated vehicle systems at a cost of 70% less.

The recent earnings of Pony's stock reflect the legitimate excitement of its new Robotaxi technology, and there is reason to expect the company's continued victory to put competitive pressure on Weride stock.

On the other hand, Weride focuses primarily on autonomous buses and street cleaning technology, rather than the Robotaxi fleet. Pony's victory may prevent Weride's growth pathway, but the advantage at this time does not necessarily pose an existential threat.

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