Joby Aviation stock is surging as the company aims to build an electric air taxi network, targeting traffic congestion in cities. The stock is trading at a high price despite zero revenue. Joby’s electric air taxis can carry four riders at 200 mph and are being tested for point-to-point travel in major cities. The company is working with the FAA, has received investments from Toyota and Delta, and is planning expansions in multiple cities globally. However, with high costs, no revenue, and an overinflated market cap, the stock may face challenges ahead. Analysts suggest caution before investing in Joby Aviation.

Read more at Nasdaq: Joby Aviation Stock Soars to an All-Time High: My Prediction for What Comes Next