Buy Joby Aviation for its Upcoming Commercial Launch

3 months ago

Whitney Tilson

"Sure. Well, why don't I start with I I pitched a uh a stock that I pitched here two years ago that I still like one year ago that I still like and a new stock uh so let's start with the oldest one first. Uh that's really worked out wonderfully. Uh Joby Aviation. It's one of the most speculative stocks I've ever uh recommended. They make electric aircraft. Um, and they're in a very emerging technology. They have not yet begun uh flying passengers commercially. They don't yet have FAA approval, but they're going to start flying in Dubai between Abu Dhabi and Dubai probably early next year. And you know, the stock has tripled on investor enthusiasm for the progress they've been making toward launch of commercial service. But I think when they actually do launch commercial service, it's probably got another double in it. So, it's only got a $15 billion market cap today. And so, I think either the business works and the stock's a buy or any number of companies could come in and buy them for their engineers and their technology. So you should size it appropriately."

Recommends buying Joby Aviation, a speculative electric aircraft manufacturer expecting to initiate commercial service in Dubai soon with potential for a significant stock price double following launch and eventual FAA approval in the U.S.

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