Where Will Joby Aviation Stock Be in 3 Years?

Joby Aviation (NYSE: JOBY), a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. 10, 2021. The combined company's stock started trading at $10.62, ended its first day at $13.40, but now trades at about $5.Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile. It also faced competition from other SPAC-backed eVTOL aircraft producers like Archer Aviation, aerospace giants like Boeing, and big automakers like Hyundai.Image source: Joby Aviation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool