Watching Joby Aviation; Kerrisdale Capital Issues Short Report On Co Titled "Prepare For Turbulence"
Portfolio Pulse from Benzinga Newsdesk
Kerrisdale Capital has issued a short report on Joby Aviation, a $4.8 billion development stage aircraft manufacturer. The report criticizes Joby's electric vertical-take-off-and-landing (eVTOL) plane project, stating that it is years away from generating revenue and unlikely to ever earn a profit. Kerrisdale also questions the feasibility of battery-powered flight and Joby's production forecast, and criticizes the company's cost projections and certification timeline.
October 10, 2023 | 12:59 pm
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Kerrisdale Capital's short report on Joby Aviation criticizes the company's eVTOL project, production forecast, cost projections, and certification timeline. This could negatively impact the company's stock price in the short term.
The report from Kerrisdale Capital criticizes multiple aspects of Joby Aviation's business, including its eVTOL project, production forecast, cost projections, and certification timeline. This negative analysis could lead to a decrease in investor confidence and a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100