Investing

Toyota (NYSE:TM) Never Misses, and Bets Big on Flying Vehicles

Austin Smith

Published: October 17, 2024 10:30 am

Last Updated: October 18, 2024 3:33 pm

Key Points:

• Joby Aviation is developing quick urban air transit.
• Toyota has invested $1b, validating the company and technology
• It aims for fast trips like 7-minute flights from Manhattan to JFK.
• Read more: Unlock the keys to a rich retirement!

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Edited Video Transcript:

[00:00:00] Douglas A. McIntyre: Okay, company that probably no one here has heard of is called Joby Aviation, and uh, they’re now the Flying Taxi, or Flying Car Company. Uh, they’ve got news. What, what, they’ve got some big news. What’s, what is it, Lee? Big news. Well,

[00:00:18] Lee Jackson: their biggest news is Toyota, who Always seems to make the right move.

[00:00:24] Lee Jackson: Always, uh, just recently announced that they had invested a billion dollars in the company and, uh, it is trading publicly. It’s on the NASDAQ and the symbol is J O B Y again, Joby or jobby, but I’m thinking it’s Joby aviation. It’s getting a lot of press. And, um, the whole thought behind it is it’s the kind of company where.

[00:00:46] Lee Jackson: You can get on a taxi in Midtown Manhattan, where you are, and you can be at You know, Kennedy in seven minutes or whatever. That’s kind of what their, uh, initial point to point, you know, access is going to be versus Uber or a cab. Anybody who’s ever flown out of Manhattan, regardless of where you fly out.

[00:01:10] Lee Jackson: You know, whether it’s, um, you know, in, in, um, regardless of whether it’s Kennedy or any of the other airports in LaGuardia, and, um, you can’t get there fast. And, and I think for some of these farther distances, this, this will re replace a lot of the problems getting there and they’re getting a lot of chatter.

[00:01:34] Lee Jackson: And I think it’s about four or five bucks.

[00:01:37] Douglas A. McIntyre: Well, these are companies that I think. People sometimes miss, uh, in this case, cause it’s not a well known company, but to me, these companies are companies that build new products with high utility. You can, I love, I love companies that are at least, you know, well enough capitalized.

[00:01:56] Douglas A. McIntyre: Get to their goal. In this case, it’s building a certain kind of car where it’s crystal clear what the advantage to the product is, right? You just described it. It is a travel efficiency company and they can make this work. It’s the kind of thing that’s right. Is useful all over the world. It’s it, it isn’t just useful in the United States.

[00:02:18] Douglas A. McIntyre: It’s, and I, it may be why Toyota puts some money into it is, is that, you know, Toyota thinks

[00:02:24] Lee Jackson: globally. Well, you know, and Toyota has that kind of money on their money clip, but think of big urban areas where it, I mean, I can think of one place for sure. If you’ve ever flown in or out of Kansas city, you know, the Kansas city airport.

[00:02:40] Lee Jackson: It is a long way from central Kansas City. I think it’s actually in Kansas versus Missouri and but in places like that, where a if you, you know, you need to get there quick, it’s a long, long haul and there’s a million places where this can work because a lot of big cities, you know, it’s not like the airports like in Dallas where love fields right in town.

[00:03:06] Lee Jackson: because most of those in Stapleton was in Denver, way out. I mean, so that place for him to do trans

[00:03:15] Douglas A. McIntyre: is this kind of stock I w it’s a little bit specula But once you see a company like Toyota put some money in, you know that there’s due diligence. These smaller companies with new technology always make me nervous, but when a really big, big company in the same sector.

[00:03:38] Douglas A. McIntyre: That’s hugely smart. Like they’ve done due diligence for you. They’ve done what an individual investor can’t do. And that is they vetted the thing. They think it’s promising enough. I know for Toyota, it’s not a lot of money, but look, it’s still a lot of money. Right. And it’s, it’s, it’s not chump change. So I would look at this simply because, uh, it has the Toyota good housekeeping seal of approval.

[00:04:07] Lee Jackson: Absolutely. Yeah. And it’ll be really interesting to see how fast they can ramp this up. One of the things I was listening to the CEO talk the other day, and, you know, apparently they have multiple rotors to make it a nice, smooth, easy ride. You know, it’s not like a, you know, a helicopter or something like that that could be buffeted or a small plane.

[00:04:28] Lee Jackson: And, uh, apparently the ride is smooth and, and, uh, Um, I think this is something especially for our for our viewers and readers, you know, that like to take a shot on a on a sub 10 stock, which we’ve written about for years. And, you know, there’s always the people that say, well, it’s a, it’s a single digit midget for a reason.

[00:04:48] Lee Jackson: And the reality is, and we’ve pointed this out where. 15 years that Netflix, Amazon, uh, apple, um, Nvidia, they all traded it less than $10. So don’t let the price fool you.