Should You Buy Joby Aviation Stock While It's Below $16?

Core Insights - Joby Aviation aims to revolutionize urban transportation with electric air taxis, targeting intracity air travel for the masses [1] - The company's stock has surged 152% over the past year, reaching a market cap of $14 billion despite generating no revenue [2] Company Overview - Joby Aviation is developing electric vertical takeoff and landing (eVTOL) vehicles, which have successfully completed multiple test flights but are not yet FAA certified [2][6] - The eVTOL design combines features of electric vehicles, small planes, and helicopters, allowing for quiet, efficient urban travel [3] Business Model - Joby plans to operate a ride-hailing service similar to Uber or Lyft, utilizing a network of heliports in metropolitan areas to facilitate point-to-point travel [4] - A flagship route from downtown Manhattan to JFK Airport could significantly reduce travel time for passengers [4] Production and Certification - Joby is currently working on establishing a network in Dubai, with test flights underway and plans for completion by early 2026 [6] - The timeline for FAA certification in the U.S. remains uncertain, with potential delays if issues arise during testing [6]