Should You Buy Joby Aviation While It's Below $7.50?

Flying taxis could revolutionize transportation, and the upside potential is massive. According to Morgan Stanley, the market value of urban air mobility could be $1 trillion by 2040 and up to $9 trillion by 2050. Last month, the Federal Aviation Administration (FAA) announced new regulations for flying taxis, outlining the operational framework and marking a significant milestone in making these vehicles a reality.While the industry is still in its early stages, Joby Aviation (NYSE: JOBY) is one of the top companies making significant strides. Supported by financial backing from Toyota Motor, Joby is advancing rapidly in developing and manufacturing this transformative technology.With Joby Aviation trading under $7.50 per share, investors may wonder if now is the right time to enter this budding market. Let's explore the business, industry dynamics, and expectations for the next few years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool