JOBY - Joby Aviation: Major Progress Ignored

2024-06-06 10:20:34 ET

Summary

• Joby Aviation is making progress in manufacturing eVTOLs and working toward FAA certification.
• The company has multiple paths to revenues outside a commercial launch in the U.S., including a deployment with the DoD and a potential launch in Dubai.
• The stock is cheap, with the company on the path to annual revenues in the multi-billions.

As with a lot of other former SPACs, Joby Aviation, Inc. ( JOBY ) now trades at all-time lows while the business model is full-speed ahead. The future air taxi service is busy manufacturing eVTOLs (electric vertical take-off and landing aircraft) and working on final FAA certification. My investment thesis remains ultra-bullish on the stock, with the company heading toward a big 2025....

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