ACIC - Joby Aviation: Ripe For A Long-Term Hold

• Joby is likely to be one of the first companies to commercialize an eVTOL, giving it the opportunity to build competitive advantage.
• One of the lowest expected cost per seat mile in the eVTOL space should allow Joby to offer incredibly attractive pricing.
• Strong partnerships including working with Uber and Toyota on manufacturing and demand generation.
• Best incentive structure that locks management shares up until certain performance goals or timelines are reached.

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