Latest news with #airtaxis
Yahoo
4 days ago
- Automotive
- Yahoo
Here's Why Joby Aviation Stock Took Off Vertically This Week
Key Points Air taxis moved one step closer to commercialization this week. Joby Aviation has heavyweight backers, including Toyota, which is helping ensure the commercial viability of its growth plans. 10 stocks we like better than Joby Aviation › Joby Aviation (NYSE: JOBY) soared by 47.2% this week on news of the expansion of an existing manufacturing site in Marina, California. The expansion is a key part of its growth plan as it prepares to scale up production of its air taxis in anticipation of entering the market. Heavyweight backing There's no shortage of investment in the electric vertical takeoff and landing (eVTOL) market, and several competitors are developing air taxis. Still, as Tesla investors will argue regarding their company's robotaxi ambitions, the company that has the ability, know-how, and financial resources to create a commercially viable product will ultimately prevail. That observation equally applies to Joby Aviation, and while it doesn't have a manufacturing history behind it (unlike Tesla), it does have the substantive backing of a company that does, Toyota Motor. It also has received investment from two transportation heavyweights, Uber Technologies and Delta Air Lines. Toyota's investment (totaling about $890 million) includes a recent $250 million investment "aimed at supporting certification and commercial production of Joby's electric air taxi," and Joby's CEO, JoeBen Bevirt, has previously lauded Toyota's help in "streamlining manufacturing processes and optimizing design." The ongoing backing of Toyota is significant and provides strong support for the idea that Joby Aviation's air taxis will scale up commercially, as does this week's news. Do the experts think Joby Aviation is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Joby Aviation make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,058% vs. just 179% for the S&P — that is beating the market by 878.83%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla and Uber Technologies. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy. Here's Why Joby Aviation Stock Took Off Vertically This Week was originally published by The Motley Fool
CNA
6 days ago
- Business
- CNA
New regional guidelines to support rollout of drones and air taxis
Air taxis are taking a step closer to becoming a daily reality. New regional guidelines have been launched to ease regulatory concerns and speed up commercial operations in the Asia-Pacific region. Derek Cheng, Head of Commercial Asia-Pacific at Vertical Aerospace, discusses the new regional guidelines to support the rollout of drones and air taxis. He talks about how it will benefit the industry when it comes to certifying the use of such technology across the region.
CNA
6 days ago
- Automotive
- CNA
CNA938 Rewind - How close are we to actually having drone deliveries and flying taxis?
Singapore could be one step closer towards seeing air taxis become a reality. That's as 24 aviation regulators in the region launched a new set of guidelines on how to prepare for such vehicles. Lance Alexander and Daniel Martin speak with Chen Chuanren, Regional Editor, Air Transport World, Aviation Week Network.
Yahoo
15-07-2025
- Business
- Yahoo
Archer Aviation CFO steps down after year of medical leave
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Archer Aviation CFO Mark Mesler officially resigned from his role effective July 7, after a period of medical leave beginning September 2024, the company said in a recent securities filing. The Santa Clara, California-based company develops electric vertical takeoff and landing vehicle (eVTOL) aircraft — also known as 'air taxis' — and software, according to its website. Priya Gupta, who has served as the electric air taxi firm's acting CFO and acting principal financial officer since his leave, will 'continue to serve in her same capacity,' according to the filing. 'After careful consideration and reflection on what's next for him personally and professionally, Mark has decided to step down from his position,' the company said in a statement emailed to CFO Dive. Harsh Rungta will continue to serve as Archer's chief accounting officer, alongside Gupta in her continued role as interim CFO, the eVTOL creator said. 'The entire team at Archer thanks Mark for his contributions and wishes him the best.' The electric air taxi company entered into a transition agreement with Mesler in association with his retirement, where Mesler is set to receive a one-time cash payment equal to nine months of his base salary, plus three months of his target annual bonus, according to the filing with the Securities and Exchange Commission. He will also receive accelerated vesting for certain outstanding restricted stock units, according to the agreement. For full-year 2024, Mesler received an annual base salary of $500,000, and received a bonus of $146,311, according to Archer's latest proxy statement filed in April. His compensation also included approximately $1.1 million in stock awards. Gupta, as acting CFO, received total compensation of $676,970, including a base salary of $338,000 and an annual non-equity incentive bonus of $158,548, according to the proxy. The CFO's resignation comes as attention on the air taxi market has increased over the past few years: though air taxis are still butting up against safety and regulatory concerns, regulators have also taken steps to codify operations for such vehicles, creating new opportunities. Last October, the Federal Aviation Administration issued its final rule on 'powered lift' crafts — a category that includes air taxis — in a move which aimed to place the U.S. in a key leadership position in the burgeoning industry. Archer Aviation has taken several steps to establish itself as a dominant player in the expanding market, inking key partnerships with large-scale companies including United Airlines and Palantir — working with the latter to create AI-powered software for 'next-gen' aviation systems, according to a March release. Its Midnight eVTOL aircraft began test flight in Abu Dhabi, with the air taxi company planning to expand the test flight program in the region and to gather 'additional data to support its certification and commercialization plans in both the UAE and other key markets,' according to a July 2 press release. Archer is jockeying for the top space in the emerging market against competitors such as Joby Aviation, which also recently began test flights for its own EVTOL craft in June in the United Arab Emirates, the company said. Joby received a $250 million investment from Toyota in May, part of a previously announced deal for the carmaker to invest $500 million in the air taxi maker, according to a CNBC report. Archer, meanwhile, raised $850 million in a stock sale in June, with the new capital to be used to help build out the company's commercial capabilities and infrastructure, according to a press release. The funding came after President Donald Trump issued an executive order which provided for the establishment of an eVTOL Integration Pilot Program (eIPP), 'an extension of the BEYOND program to accelerate the deployment of safe and lawful eVTOL operations in the United States,' according to the order. The sale gave Archer a liquidity position of approximately $2 billion, according to the June release, coming after the air taxi company said its total cash position had surpassed $1 billion during its Q1 earnings results in May. For the quarter ended March 31, Archer reported total operating expenses of $144 million and a net loss of $93.4 million, as well as an adjusted EBITDA loss of $109 million, per its earnings results. For its Q2 of 2025, the company anticipates an adjusted EBITDA loss between $100 million to $120 million. Recommended Reading Rivian swipes Tesla vet for CAO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Archer Aviation (ACHR) Falls Hard as Exec Sells Off Entire Stake
Archer Aviation Inc. (NYSE:ACHR) is one of . Archer Aviation saw its share prices decrease by 8.94 percent to close at $9.88 apiece as investor sentiment was dampened by an executive's disposition of worth $1 million shares in the company. According to a regulatory filing, Archer Aviation Inc. (NYSE:ACHR) General Counsel Eric Lentell sold more than 95,000 ACHR shares at a price of $10.6 for a total of $1.01 million. While it said that the sale was executed under a Rule 10b5-1 trading plan, investors took the news in negative light, especially as the total value represented Lentell's entire stake in the aviation firm. In other news, Archer Aviation Inc. (NYSE:ACHR) partnered with JetEx for an infrastructure development for air taxis in the United Arab Emirates. Under the partnership, the two companies plan to enhance Jetex's strategically located fixed base operator (FBOs) locations to better suit Archer's Midnight aircraft. A technician assembling an electric aircraft, highlighting the company's manufacturing capabilities. Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. The upgrades will be paired with Jetex's luxury service standards to deliver an efficient, tech-enabled customer journey. While we acknowledge the potential of ACHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
