Why This Company Is Becoming The Largest Electric Aircraft Co.Oct 07, 2021
Today we're going to talk about an electric vertical take-off and landing (eVTOL) aircraft company. The name is: Joby.
If you've never heard of this or them, the TLDR is: that Joby and other eVTOL's combine the best parts of helicopters and traditional airplanes. It takes off and lands like a helicopter, but cruises at the speed of a turboprop plane. It also is significantly safer than helicopters since there isn't a single point of failure and because it is electric - the plane is significantly cheaper to operate and manufacture.
So now that you're caught up to speed, if you haven't been paying attention, these have been getting a ton of hype around the industry. The amount of dollars being invested into the space is astronomical. In the last several years, Joby alone, has raised close to $1B and they have $0 in revenue. At a valuation of $5.5B, we decided to take a deeper look underneath the hood to see if the stock lives up to the hype.
What we've uncovered is mind-shattering!
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