Sunlight: Bright direct light to full sun but can adapt to medium light.
Water: Water your Ponytail Palm when the soil is completely dry. Water until liquid flows through the drainage hole at the bottom of the pot and discard any water that has accumulated in the saucer.  
Temperature: Protect your palm from cold drafts from windows, air conditioning vents, or doors.  This plant prefers normal room temperatures

More on this plant

Your Ponytail Palm leaves are sensitive to injury and tend to get dark at the ends. Cutting back the tips of the leaves is a good way to preserve the appearance of the plant. The key is to use sharp scissors to cut off just the discolored parts.