The Crowd Is Dumping This Industrial Stock. Here's Why I'd Be Buying the Dip.
Joby Aviation is trading about 33% lower on the year. Time to buy the front-runner of the nascent eVTOL industry?
Overview
Picture the last time you were stuck in bad traffic. Awful traffic -- like in Atlanta, New York, or L.A. The kind that draws out the grumpiest side of us all, the bumper-to-bumper, stop-and-go traffic -- a long red line on the GPS -- with several chokepoints and squeezes, and no end in sight.
That kind of traffic is no laughing matter to drivers or city planners. But thanks to Joby Aviation (NYSE: JOBY), traffic like that could one day inspire you to take an alternative route in the sky.
Details
Call them flying cars -- or taxis, or shuttles -- the electric vertical takeoff and landing (eVTOL) vehicles Joby is designing have immense potential to revolutionize the transportation industry. Despite the recent sell-off of Joby stock, that potential is looking less and less imaginary by the week. Here's why I'd be considering Joby if you're a growth stock investor.
Source
Originally published at www.fool.com.