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Joby Aviation: $1 Billion Saudi Signal

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Update - July 16, 2025

Joby Aviation has now soared over 100% in the last month with the market cap jumping to nearly $14 billion. The stock is at all-time highs while the eVTOL is still is the process of certifying aircraft. Investors might want to pump the brakes. 

Finviz Chart

Original article posted on June 5

  • Joby Aviation, Inc. surged on Toyota's $250M investment, boosting liquidity to $1.3B and reinforcing their manufacturing partnership.
  • The air taxi company is progressing towards commercial launch, with pilot testing in Dubai and a potential $1B+ sales agreement in Saudi Arabia.
  • Joby Aviation has production ramp-up plans for up to 500 eVTOLs annually, with a mix of direct sales and air taxi operations driving future revenue.
  • JOBY stock is attractive on dips towards $7 due to certification and launch risks.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »

Joby Aviation, Inc. (NYSE:JOBY) soared on news of a large tranche investment from a key manufacturing partner. The eVTOL company soared on the investment news while mostly ignoring a big sales agreement in Saudi Arabia. My investment thesis remains Neutral after the stock jumped back to $9 when the time to buy was on the weakness back to down to $5 in April.

Read the full article on Seeking Alpha. 

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

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