Joby Aviation: $1 Billion Saudi Signal

(5min)

Summary

  • 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.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

Yellow flying taxi against the sky, city electric transport drone. Car with propellers, clean air, fast ride. Mixed media, copy space.

MARHARYTA MARKO

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

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This article was written by

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Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

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