Prediction: Buying Joby Aviation Today Could Set You Up for Life
Joby is still chasing FAA certification, but the business forming around its aircraft could give patient investors a reason to consider it.
Overview
A stock that sets you up for life usually asks you to take a chance, a big chance, one with high risks if its main business fails, but high reward if it succeeds. Joby Aviation (NYSE: JOBY) could be one of these stocks. Here's why.
The electric vertical takeoff and landing (eVTOL) maker wants to launch an air taxi service that carries passengers over heavy traffic. Anyone who has slogged through congested city streets -- say, in New York City, Atlanta, Los Angeles, or Chicago -- can understand Joby's appeal. Still, the bull case for Joby stock requires some imagination, as the company's eVTOL lacks regulatory approval to fly commercially and does not yet have a large enough fleet to serve the areas where it wants to fly.
Image source: The Motley Fool.
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Originally published at www.fool.com.