Aug. 22 at 4:52 PM
$JOBY @stockzscreener no, I’m saying that’s Already all priced in and expected. Are you taking into account that they likely need to raise at least
$1B sometime in the next 9 months or less? Their cash burn will continue to rise and it’s already
$300M+ per quarter. They had
$900M (including Toyota round 2 of
$250M) at the END of Q2 which was months ago and before purchasing blade. They likely only have
$550M left now that were 2 months into Q3. Profitability is no where near soon so I’m pretty sure the
$1B I’m suggesting won’t even be enough. Hype is over, Wall Street doesn’t like them at this stage for these prices. Fundamentals are just not there yet. Yes, I’m short since the pop. I was long before the pop. And, I may may buy again once the price is comes to reality and most dilution from capital raises are done.