Business Model UncertaintyInvesting in JOBY or other eVTOL companies requires patience and a high risk tolerance, given largely unproven business models and certification risk.
Investment RisksThere are multiple risks identified, including dilution risk, market adoption risk, supply chain risk, technological risk, execution risk, and regulatory risk, which could impact the company's performance.
Program SelectionJoby's S4 eVTOL was not selected for the under-development hybrid VTOL program being spearheaded by defense prime Anduril and airframe partner.