The Latest Breaking News from Joby Aviation Inc

US stock futures traded mixed this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

The world’s pursuit of reduced carbon emissions includes the idea of electric aircraft. Joby Aviation (JOBY) is one of the frontrunners in this space. But considering the challenges of manufacturing electric aircraft, is JOBY a good bet now? Read on to learn our view.

Joby Aviation Inc. Common Stock's (NYSE:JOBY) short percent of float has risen 7.48% since its last report. The company recently reported that it has 27.74 million shares sold short, which is 9.48% of all regular shares that are available for trading.

Joby Aviation Inc (NYSE: JOBY) is trading higher Friday morning after the company reported better-than-expected earnings results. Joby reported fourth-quarter earnings of 1 cent per share, which beat the estimate for a loss of 15 cents per share. 

Joby Aviation Inc (NYSE:JOBY) reported fourth-quarter operating expenses of $77.19 million, an increase from $40.18 million in 4Q20. Net income improved to $5.05 million from a loss of $33.9 million a year ago. Joby’s cash used in operating activities totaled $195.75 million for FY21, compared to $105.9 million in FY20. Adjusted EBITDA…

Joby Aviation Inc (NYSE:JOBY) resumed flight testing of its second pre-production prototype aircraft at the pilot production facility in Marina, California. Joby’s internal safety review board lifted the pause on flight testing earlier this week, which it voluntarily enforced following an accident concerning the first pre-production prototype earlier this year. The aircraft first…

California-based eVTOL company Joby Aviation Inc (NYSE:JOBY) submitted its first area-specific certification plan to the Federal Aviation Administration (FAA), believed to be an industry first. The certification plan submitted focuses on cabin safety, comprising the integrity of materials, seats, and occupant restraints used in the aircraft's interior.  "With more than two thirds of our…

CAE Inc (NYSE:CAE) has agreed to develop and qualify flight simulation training devices that will be used to train the future pilots of Joby Aviation Inc's (NYSE:JOBY) all-electric aircraft. CAE will work with Joby to develop pilot training devices specifically for electric vertical take-off and landing (eVTOL) aircraft. Joby is currently working with the Federal…

Joby Aviation Inc (NYSE: JOBY) is trading higher Tuesday after the company announced it's forming a partnership with ANA Holdings, Japan's largest airline, to bring air taxi services to Japan.