Joby Aviation: I'm Bullish Ahead Of Earnings Release But Questions Remain

Robert Lake profile picture
Robert Lake
88 Followers
(30min)

Summary

  • Joby Aviation is making significant strides in FAA certification and has promising partnerships, making it a leader in the eVTOL industry.
  • The company's ridesharing plans face challenges, particularly around the economics for pilots and aircraft owners, but partnerships with Toyota, Delta, and Uber are strong.
  • Financially, Joby has enough cash to last 4–5 quarters without revenue, bolstered by recent investments from Toyota and a $202 million equity raise.
  • I rate Joby shares a cautious buy, anticipating positive news on certification, partnerships, and manufacturing in the next earnings call.
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Thesis

Joby Aviation (NYSE:JOBY) recently brought out a series of positive press releases related to new investments, future technologies, and signed agreements to expand their global operations, and has made steady progress on its path to bring its aircraft to FAA certification. While

This article was written by

Robert Lake profile picture
88 Followers
I have been investing in the stock market since I was 17 years old, and over the 25+ years since I have learned the joy of compounding, the value of dividend reinvesting, and the principle that patient investing through good times and bad brings the greatest rewards. I believe the key to creating wealth is the slow accumulation of high quality assets, and the key to enjoying the process of investing is to mix this steady approach with some high risk/high reward opportunities, underappreciated turnaround plays, and transformative technologies. I invest with integrity, only putting my money into companies and industries that aim to make the world a better place.I would consider myself an amateur investor, entirely self-taught with no formal education in investing or business, but smart at figuring out who is worth listening to. I read widely and embrace the notion that my own growth comes from learning from others. In my other life, I teach at the college/university level. I have a PhD from Brunel University and am an accomplished academic writer and editor.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of JOBY, BLDE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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