Where Will Joby Aviation Stock Be in 5 Years?

Over the past few decades, there have been many technology hype cycles: 3D printing, hyperloops, and the metaverse are just three examples. Most of these failed to live up to expectations. And while it is too early to know for sure, electric vertical takeoff and landing (eVTOLs) might buck the trend because of their clear real-world utility.Early movers like Joby Aviation (NYSE: JOBY) promise to bring the rapid improvements in battery-electric vehicle technology into the skies. Let's explore what the next five years could have in store for the company.Morgan Stanley's automotive and mobility research team is no stranger to making grand projections about new technologies, and eVTOLs are no exception. In a 2021 report, the analysts estimated these aircraft could become a $1 trillion addressable market by 2040 -- rising to $9 trillion by 2050 as they replace land-based taxis in cities and find other applications in cargo delivery, law enforcement, and the armed forces.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool