What Happened
Autonomous eVTOLs May Match Taxi Fares In Future
Joby Aviation stock is in focus ahead of its third-quarter earnings as ARK Invest analysts predict that autonomous electric vertical takeoff and landing (eVTOL) aircraft could eventually offer fares competitive with traditional taxis. The company’s aircraft has demonstrated its speed advantage in a recent demonstration, and ARK Invest has made a string of share purchases, signaling conviction in Joby’s commercial flight trials. Joby will report its Q3 earnings on November 4, with analysts expecting $40.42 million in revenue and a loss of $0.25 per share. This development was reported by TradingView News.