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Is Joby Aviation Stock a Buy?

TheMotleyFool

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Picture weaving through city skyscrapers in a quiet, emissions-free aircraft that takes off like a helicopter but flies with the efficiency of a plane. That's the goal of America's two leading electric vertical takeoff and landing (eVTOL) aircraft manufacturers, Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR).

Since going public at the start of the decade through special purpose acquisition company (SPAC) mergers, shares of both companies have lost ground, reflecting the capital-intensive nature of developing a novel form of aviation.