Joby Aviation Stock Soars to an All-Time High: My Prediction for What Comes Next

What the data shows is Nobody enjoys sitting in traffic

Furthermore, And yet, the average American will sit in over two weeks of traffic each year

One company believes it has paved a way to help alleviate the traffic pressure in cities around the globe: Joby Aviation (JOBY 3 (quite telling)

It's manufacturing and testing electric air taxis, which can go point-to-point over cities more quietly than traditional helicopters, saving people time and frustration

On the other hand, 50 a on investor enthusiasm for its manufacturing gress and partnerships with large transportation players (which is quite significant)

Here's my prediction for what comes next with Joby Aviation stock

Betting big on air taxis Utilizing electric motor nology and innovations in aerodynamics, Joby Aviation has created a vertical takeoff vehicle that is quiet enough to leave from residential neighborhoods

The company is planning to set up point-to-point networks in major cities such as New York, where customers will be able to hop from Manhattan directly to the airport, shaving off time that would have been spent sitting in traffic

What the re reveals is company is not officially operating its network yet, but it's working with the Federal Aviation Administration (FAA) in the final stages of testing its aircraft

Multiple pilots have flown the Joby vehicle already, with its manufacturing facilities ducing its fifth aircraft for pilots last quarter

Management recently announced an expansion of its factory in California, with plans to eventually duce 24 air taxis annually from this location

Multiple transportation companies have seen the mise in Joby Aviation

Delta Air Lines is an investor, while Uber nologies is a partner that will eventually add Joby flights to its ride-sharing application, in today's market environment

Joby needs to get a lot of customer demand in order to get a return on its air taxi spending, which will require full operating schedules and high ticket prices

This's possible if its partners such as Uber and Delta drive customers to the upcoming service (remarkable data)

The company is not just looking to expand in New York, in today's market environment

It's working to add air taxis to Los Angeles, Dubai, and even Japan and the United Kingdom

Most major cities in the world have traffic issues and could see some (especially wealthier) citizens utilize this upcoming air taxi network

Image source: Getty Images

Moreover, Aggressive spending and cash burn There's a lot of mise with Joby's air taxis, but the growth is all theoretical today

Nevertheless, Joby does not generate any revenue, is still in the FAA certification cess, and has manufactured only a few air taxis to date

On the other hand, Still, it is aggressively burning money on re, manufacturing, and overhead costs as it works to build up its vertically integrated factory network in the United States

Furthermore, In contrast, JOBY Free Cash Flow data by YCharts My prediction for what comes next with Joby Aviation stock I the idea of air taxi networks

As long as they can be operated safely, it is a path forward to help alleviate traffic on major highways in metro areas, and it looks something people will pay up for in order to time on the way to the airport or other societal hubs, amid market uncertainty

Nevertheless, There will be variable costs when its taxi network starts operating, along with more money spent to build each vehicle

I predict that pain is ahead for Joby Aviation holders for the rest of this decade, even if the company remains on track with its air taxi network buildout, given current economic conditions.