The Road to Autonomy Episode 250 | Autonomy Markets: Tesla Fleet API, Cybercab Hype and the Pony AI IPO
Nov 30, 2024
Elon Musk, the visionary CEO of SpaceX and Tesla, dives into Tesla's groundbreaking fleet API, hinting at a future Cybercab service with third-party operators. He discusses how Tesla is strategically positioning Cybercabs at high-profile locations for brand visibility. The conversation shifts to Pony AI's recent IPO, raising $260 million despite its low revenue, and its potential geopolitical implications. Musk also touches on the challenges of EV regulations and the evolving landscape of the autonomy market, emphasizing the importance of transparency and innovation.
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Pony.ai's High Valuation
- Pony.ai went public with a $4B valuation despite low revenue, trading at 60x revenue.
- This high valuation suggests investors expect significant revenue growth in the coming years.
Toyota's China Play
- Toyota's involvement with Pony.ai may be their China strategy due to joint venture requirements.
- Grayson is concerned about Pony.ai founders' super voting rights given the high valuation.
Pony.ai's Robo-Truck Business
- Pony.ai's robo-truck business is their strongest revenue source, surpassing their licensing business.
- Toyota could potentially leverage Pony.ai's technology for their Hino truck division in China.