Skip to contentHome page Seeking Alpha - Power to InvestorsDec. 14, 2025 10:00 AM ETJoby Aviation, Inc. (JOBY) StockJuxtaposed Ideas14.99K FollowersComment(1)Joby Aviation remains a hold here, despite the promising progress towards FAA certification, the ongoing test flights in Dubai/Saudi Arabia, and the ramping up of manufacturing capacity.Their path to mass commercialization/near-term profitability remains uncertain, given the elevated commuter pricing, despite the launch of BLADE Commuter Pass.JOBY's robust net cash position of $978M offers a few quarters' cash runway, before further dilutive capital raises may be necessary, attributed to their lack of operating leverage.This is worsened by the minimal margin of safety arising from the expensive valuations/ongoing equity dilution, and the potential volatility arising from the elevated short ratio.Combined with the nascency of its commercialization prospects and potential normalization in market sentiments upon commoditization of the VTOL technology, it may be more prudent to stand on the sidelines.adventtr/iStock via Getty ImagesI previously covered Joby Aviation, Inc. (JOBY) in September 2025, discussing how the stock had regained part of its July 2025 heights thanks to the White House eVTOL program, aided by the excellent potential to be the first market moverThis article was written byJuxtaposed Ideas14.99K FollowersI am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comment(1)Recommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.