Buy Joby Aviation Stock

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Buy Joby Aviation Stock

Reasons To Buy Joby Aviation Stock

Joby Aviation stock is a very interesting opportunity for those seeking a high-risk-high-reward setup. The company is working in the eVTOL space and has an air taxi business.

There are three reasons that make Joby Aviation a better option than others in the eVTOL sector. Let's look at all of them:

Joby Aviation Has Strong Partners

Joby Aviation is different from others in the sense that it doesn't want to sell its eVTOL. Instead, it wants to manufacture its own eVTOL and then operate them within its transportation network.

Joby Aviation has also partnered up with Uber Technologies and Blade. The latter is an urban air mobility passenger business. Toyota Motors has also invested in the company. The company will provide manufacturing expertise to Joby Aviation.

The Blade Acquisition Was A Success

Joby Aviation will need to obtain its FAA certification for the eVTOL. In addition, it will also need to develop the air mobility business to introduce its eVTOL offerings.

Joby Aviation has already managed to integrate Blade successfully. The company announced that its only problem now is aircraft availability. The passenger demand is no longer an issue. The company also announced a 50% increase in the sold seats.

Joby Is Leading The Certification Race

Joby is different from others in the sense that it is making its own technology. Also, Joby Aviation is way ahead of the competition in terms of getting its FAA certification.

According to the management, Joby Aviation is now in the final stage of the certification. So, this puts Joby Aviation ahead of other companies in the eVTOL business.

The only risk to consider is that Joby Aviation is still a loss-making company. But we must understand that Joby Aviation is working on something new, and it is normal to see losses for several years. Even Tesla was a loss-making entity for several years.

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