Joby is a real brave pioneer in the transitioning of ground transports into air ones. Air ride-sharing in an electric air vehicle was a myth a decade ago but now its CEO wants to make it as cheap as yellow cab taxis. Only one issue had hit its JOBY stock on Friday after reports have shown that air testing has delivered “substantial damage” according to the U.S. National Transportation Safety Board.
Joby is supporting the NTSB in the investigation of the accident. By the way, the startup needs to pass all the tests to gain approval for the commercialization of electric air taxis that most possibly will be included in ride-sharing apps like Uber and Lyft. If success comes in the testing JOBY shares will explode and be considered as the giant tech stock in a line with TSLA, AMZN, ABNB. Surely, Uber and Lyft will take Joby’s air taxis into their “express riding” categories.