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Is Joby Aviation Yesterday's News?

TheMotleyFool

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Joby Aviation (NYSE: JOBY) stock is up 73% over the last year and 326% over the last three years, and the electric vertical take-off and landing (eVTOL) company is seemingly on an inexorable pathway to Federal Aviation Administration (FAA)-type certification and commercial launch in 2026. As such, investors might be tempted to think that the stock is poised for a "buy the rumor, sell the news" moment after its eVTOL receives certification and launches commercially.

However, I think that would be a short-term approach. Here's why.

Image source: Joby Aviation.

Source Fool.com

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