Joby Aviation succeeds in US cross-country flight using autonomous flight technology
JOBY Joby Aviation Inc
$5.44 -5.39%
View chart & analysis → - 1Joby Aviation crossed the United States, covering 3,199 miles with an aircraft equipped with autonomous flight technology.
- 2The company announced the achievement as Joby shares recorded a decline of approximately 1% on September 18.
- 3Joby recorded $38.6 million in revenue for the second quarter but posted a net loss of $245.4 million.
So what's the key point?
Joby Aviation successfully crossed the United States using self-flying technology. While the company generated $38.6 million in revenue, it also saw large losses, causing the stock price to drop by about 1%.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.