Jim Cramer on Joby Aviation: “I’m Not a Flying Car Guy, I’m Just Not”

Well, I’m not a flying car guy, I’m conscionable not, and I’ve been close not to beryllium a flying car guy. Although I bash think, by the way, that Boeing is simply a large stock… here, and they’ve got a batch of exertion for that benignant of thing.

A method banal marketplace chart. Photo by Energepic from Pexels

Joby Aviation, Inc. (NYSE:JOBY) designs and makes electrical vertical takeoff and landing craft for usage successful aerial ridesharing. The institution is besides processing a related app. During the March 18 episode, a caller inquired astir the banal and mentioned their bullish stance. Cramer responded:

Okay, I americium not arsenic large a instrumentality arsenic you are. I deliberation it’s incredibly speculative, and I’m successful that epoch of nary much magical investing. They’re losing excessively overmuch money, and erstwhile companies are losing excessively overmuch money, adjacent if they person a precise breathtaking idea, I’ve got to propulsion successful my horns present due to the fact that we person a very, precise pugnacious market, and we can’t woody with companies that are losing a batch of money.

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