Joby Aviation Soars, Air Taxi Pioneer

Joby Aviation, a Santa Cruz-based company, is revolutionizing urban travel with its electric vertical takeoff and landing aircraft. Despite a volatile stock performance, with shares surging over 186% from a low in April to a peak in August, the company is making strides in air ridesharing. Jobys acquisition of Blades passenger business and partnerships with Uber and Metropolis are key to its growth. With over $788 million in cash and a hold rating from Wall Street, Joby is poised for commercial air taxi launches, potentially offering over 50% upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.