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?
The Crowd Is Dumping This Industrial Stock. Here's Why I'd Be Buying the Dip.
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.
