Where Will Joby Aviation Stock Be in 10 Years?
The aviation start-up has ambitions to disrupt the transportation sector.
The transportation market has been dominated by old forms of transportation -- planes, trains, and automobiles -- for decades. Few new technologies have successfully entered the sector. Uber Technologies innovated on a part of this market with its ride-sharing application, but the transportation vehicles used are still mainly automobiles.
Joby Aviation (NYSE: JOBY) aims to bring a true transportation innovation to market for the first time in decades. It is one of the start-ups building electric vertical takeoff and landing vehicles (eVTOLs) with the aim of powering an air taxi network in the United States and other countries around the world. Combining innovations in battery technology and quiet propeller systems, the company believes it will finally bring flying cars to the masses.
But does that make the stock a buy? Let's take a look at this early-stage business and see where Joby Aviation stock could land 10 years from now.
