Joby Aviation

JOBY

Market cap $12.6B

Goldman Sachs on Monday initiated coverage of air taxi maker Joby Aviation with a sell rating. Joby stock climbed Tuesday.

A key reason for Goldman's rating is the aircraft maker's high valuation, given the uncertainty of the industry. But investors see potential.

Joby is very close to being the first eVTOL company to get FAA-type certification. That first-mover advantage could set it up for a decade of growth.

Electric vertical takeoff and landing (eVTOL) aircraft represent a potentially massive new transportation market. Both of these companies have secured major partnerships and are racing toward FAA certification.

Joby Aviation makes electric vertical take-off and landing (eVTOL) aircraft. Although it has flown several test flights, the technology is not yet FAA-approved.

Opendoor could expand and evolve into a more diversified real estate platform. Joby is establishing an early mover's advantage in the nascent eVTOL market.

Joby Aviation is nearing FAA-type certification. It needs this certification to commercialize its air taxis.

Growth has become a tough sell for investors this fall. With a week to go in November, many growth stocks—particularly in the technology sector—are down sharply.

President Trump lifts 40% tariffs on Brazilian beef, coffee, and other products to address rising U.S. food prices and improve trade relations. Joby Aviation (JOBY) sues Archer Aviation (ACHR) for alleged corporate espionage, claiming theft of confidential partnership information by a former employee.

Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday.