Goldman Sachs Chooses the Superior Robotaxi Stock to Buy Between Tesla and China's Pony AI

Goldman Sachs recently initiated coverage of Pony AI, a China-based autonomous driving firm, with a buy rating and a $19.60 price target, suggesting a potential upside of nearly 43% from its current stock price.

The investment bank views Pony AI as having a significant lead over Tesla in the race to deploy autonomous vehicles, citing Pony AI's impressive track record in testing and its strategic partnerships in the industry.

1. Testing and Safety: Pony AI has logged over 3 million miles of autonomous driving in various environments, with zero accidents reported.
2. Strategic Partnerships: Pony AI has established partnerships with several major automakers, including Toyota, Hyundai, and GAC Group.
3. Focus on Robotaxis: Pony AI is focused specifically on developing and deploying robotaxis, allowing the company to concentrate its resources on a single application.

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