Joby Aviation is working on certifying its electric air taxi, with high demand for air taxi networks. However, production will be slow, leading to underperformance in the stock. The company’s stock has risen over 100% this year, reaching an all-time high. Electric air taxis aim to disrupt transportation in major cities, with Joby Aviation partnering with Delta Air Lines and Uber Technologies to build point-to-point networks. Despite the potential disruption, Joby’s manufacturing capacity remains limited, with a slow production timeline and significant cash burn. Joby Aviation may not be a millionaire-maker stock, even with the rise of the electric air taxi industry.

Read more at Nasdaq: Can Joby Aviation Stock Make You a Millionaire?