They reportedly downgraded JOBY stock from “neutral” to “underweight.” Moreover, they cited a “largely overblown rally” in the shares, which have more than doubled in price year-to-date. Still, JPMorgan analysts are apparently quite skeptical, or at least cautious. Hence, Joby Aviation’s runway to full commercialization might be faster than some skeptics would expect. And again, Joby Aviation hopes to have at least one aircraft delivered to an Air Force base in 2024. ![]() In other words, Joby Aviation is targeting 2025 even if the FAA is looking at 2028. This, according to Didier Papadopoulos, head of Aircraft OEM at Joby Aviation, represents “another step towards launching commercial service in 2025.” In addition, the FAA granted Joby Aviation “a Special Airworthiness Certificate.” This is for Joby Aviation’s “first aircraft built at its Pilot Production Line in Marina, California.” Did JOBY Stock Get Ahead of Itself?Īlong with all of that, Joby Aviation submitted its Stage Three (out of five stages) Certification Plans to the FAA. Air Force, valued at “up to $131 million.” In accordance with this arrangement, Joby Aviation plans to move an eVTOL aircraft to Edwards Air Force Base in 2024. In fact, Joby Aviation reportedly has a contract with the U.S. Furthermore, they’re generally designed for commercial passenger flight - but Joby Aviation’s aircraft evidently have government support. These vehicles can take off vertically but then fly like an airplane. However, this doesn’t mean that the FAA and other government entities are preventing Joby Aviation from achieving its near-term goals.įirst of all, I should clarify that Joby Aviation builds electric vertical takeoff and landing (eVTOL) aircraft. With that in mind, let’s strap in and take a brief but exciting trip with Joby Aviation.Īs mentioned earlier, the FAA’s timeline suggests that you might not see air taxis flying over U.S. So, investors can aim for the skies but should also be patient and realistic. Granted, it Joby Aviation isn’t profitable and might not be income-positive for a while. However, Joby Aviation clearly doesn’t plan to wait that long to fully commercialize its aircraft. ![]() Reportedly, the Federal Aviation Administration’s (FAA) timeline proposes that urban air taxis could commence service over U.S. ![]() Joby Aviation (NYSE: JOBY) is rapidly advancing the latest and greatest in flying car technology - and if you want a piece of the action as an investor, consider JOBY stock. Electric air taxis aren’t just science fiction anymore they’re becoming a reality in the 2020s.
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