Joby Aviation stock is rising due to optimism for its electric air taxi network. The company is focused on increasing manufacturing and completing FAA certification. Despite its high stock price, Joby Aviation aims to alleviate traffic congestion with its electric air taxis. The company plans to set up point-to-point networks in major cities and has partnerships with Toyota, Delta, and Uber. Joby Aviation is not generating revenue yet but is working towards FAA certification and expanding its manufacturing facilities. The company is aggressively investing in research and development, with plans to scale up its production of air taxis. Joby Aviation faces challenges in generating profits with its current cash burn rate and overvaluation in the market. Despite the potential of air taxi networks, Joby Aviation’s stock may face difficulties in the future. Investors should consider the risks before buying Joby Aviation stock.

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