Is Joby Aviation Stock a Buy Now?
Joby Aviation just flew an eVTOL around Manhattan. Is it only a matter of time before this stock takes off?
Is Joby Aviation Stock a Buy Now?
Overview
According to local news, as many as 9,000 helicopter flights can take place across New York City on a fair-weather day. You can see them whizzing over the Hudson, orbiting Liberty Island like big flies, sweeping from the Upper West Side to the Financial District, to the Brooklyn waterfront, around the South Street Seaport. Their whop-whop thrum is inescapable; it penetrates walls and fills the area around you.
If you've stayed with me through this rather lengthy introduction, you might guess where this is going. When we talk about Joby Aviation (NYSE: JOBY), or rather the potential of electric vertical takeoff and landing (eVTOL) aircraft, adoption of these flying taxis is usually a major question on the table. Even if a company like Joby gets regulatory approval to fly air taxis, will consumers bite? Will cities or communities adopt them? Will flights get booked?
Details
While only time will tell whether the air taxi concept sticks, several factors suggest that it will.
Source
Originally published at www.fool.com.
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