Joby Aviation(US:JOBY) Yahoo Finance·2026-02-12 11:50Core Insights - Joby Aviation is working towards regulatory approval for its electric vertical takeoff and landing (eVTOL) aircraft, aiming to establish itself in the air taxi market, although it faces challenges in achieving sustainable profitability [1][4]. Company Progress - Joby Aviation has made significant strides in its development, conducting hundreds of test flights in 2025 and preparing to use simulators for pilot training, which is a crucial step towards regulatory approval [2]. - The company reported a loss of $1.01 per share for the first nine months of 2025, an increase from a loss of $0.53 per share during the same period in 2024, indicating ongoing financial challenges [3]. Market Sentiment - Despite the potential of the eVTOL concept, the path to sustainable profitability is fraught with difficulties, leading to a nearly 50% decline in the company's stock price from its 52-week high [5]. - Joby Aviation has announced a sale of $600 million in convertible notes and over 52 million shares of common stock, raising concerns about shareholder dilution [5][6]. Investment Outlook - The current sentiment on Wall Street suggests a cautious approach, with investors preferring to wait for Joby to achieve more development milestones before showing renewed interest in the stock [7]. - It may be more prudent for investors to hold off until Joby Aviation demonstrates sustainable profitability, as the potential for long-term opportunities in air taxis remains significant [7].