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Joby Aviation: Commercial Launch Around The Corner

Update - Oct. 2, 2024

Joby Aviation is primed for a big 2025 with another investment from Toyota while the stock is set to bounce off support. 

  • Shares of Joby Aviation (NYSE:JOBY) were launched more than 20% higher in Wednesday’s premarket trading thanks to another $500M investment by Japanese carmaker Toyota Motor Corp (NYSE:TM). The investment will enable Joby (JOBY) to expand its commercialization of an electric air taxi and bring Toyota’s (TM) total investment in Joby (JOBY) to $894M.
  • The investment will be made in the form of cash for common stock.
  • “The knowledge and support shared by Toyota have been instrumental in Joby's success, and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel," Joby founder and CEO JoeBen Bevirt said in a statement.

Finviz Chart

Original article posted on Sept. 20

  • Joby Aviation is nearing a major aircraft order with Virgin Atlantic, bolstering its potential for a significant order book heading into a 2025 launch.
  • The company is progressing toward FAA certification, with plans to produce up to 500 aircraft annually for air taxi services and sales.
  • The stock remains appealing at around $5, with significant upside potential as the company advances toward commercial operations.
Every day, Joby Aviation, Inc. (NYSE:JOBY) gets closer and closer to the launch of viable commercial operations. The urban air mobility company is apparently on the verge of another major aircraft order while the stock is stuck around $5. My investment thesis remains ultra Bullish as Joby Aviation has everything in place for a big 2025.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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