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-3.26264274062389E-05 -0.000978792822186008 -0.00587275693311581 -0.00587275693311581 -0.0127243066884176 -0.0251223491027732 -0.032626427406199 -0.0205546492659054
Stock impact report

Jim Cramer on Joby: “They're Losing Too Much Money” [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
“No, they're losing too much money, buddy. I absolutely love the idea, but they're losing too much money. We already got a thing called helicopters, and that does us just fine.” Pixabay/Public Domain Joby Aviation, Inc. (NYSE:JOBY) designs and makes electric vertical takeoff and landing aircraft for use in aerial ridesharing. The company is also developing a related app. Cramer discussed the company's stock during the October 8 episode and commented: “It's the speculative stocks that remind me of the dot-com era, a group of companies with no earnings to speak of that need to raise money to stay afloat. Now, we see these in nuclear power or crypto, or quantum computing stocks. These have all been bid up furiously by retail investors… I fear we're at the cusp of some gigantic equity offerings for some kinds of these companies. We got one on Monday from an also-ran quantum company called Quantum Computing, and another one today from Joby Aviation, the flying car company. It offere Show less Read more
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