Electric News & Analysis
2 articles
Market Mood
Joby Aviation (JOBY) Stock Down 54% This Year Amid High Cash Burn
Joby Aviation (NYSE: JOBY) has seen its stock drop over 54% this year, attributed to factors like cash burn, dilution, and high operating expenses. Joby is working towards commercializing electric air taxis and plans to begin operations across 11 states in 2026, with the goal of flying paying passengers by 2027. Current uncertainties include awaiting FAA type certification and ticket pricing details. Investors looking for speculative growth could consider Joby's potential upside if it achieves its targets in 2027, especially as it shifts towards revenue generation.
Read More: Joby Aviation (JOBY) Stock Down 54% This Year Amid High Cash Burn
Ferrari (RACE) Q1 Earnings Beat Estimates with €1.85B Revenue
Ferrari (RACE) reported earnings per share of €2.33 (US $2.72) for Q1, exceeding estimates of €2.27. Revenue for the quarter reached €1.85 billion, higher than the expected €1.81 billion and up more than 3% from €1.79 billion in Q1 2025. The company confirmed its 2026 guidance, targeting net revenues of €7.5 billion and an adjusted operating profit of at least €2.22 billion. Despite a 4.4% drop in deliveries to 3,436 units due to planned production adjustments, Ferrari's results are seen positively as it prepares for the upcoming launch of its first electric vehicle, the Luce.
Read More: Ferrari (RACE) Q1 Earnings Beat Estimates with €1.85B Revenue