The ponytail palm, scientifically classified as Beaucarnea recurvata, is a slow-growing succulent tree with a bulbous base and slender, palm-like leaves. It adapts well to indoor environments, preferring bright indirect light, warm temperatures, and occasional watering. Its growth rate is moderate, with an average height of 3-6 feet. The bulbous base stores water, making it tolerant of drought conditions. Propagation can be done through seed propagation, stem cuttings, or offsets, making it an accessible plant for home gardening.