The aerobic developer Joby Aviation has been accused of over-promising – the company won't be able to release enough cars

The aerobic developer Joby Aviation has been accused of over-promising – the company won't be able t

One of Joby Aviation's stockholders, a vertical flyer and landing developer, reported excessive and unsupported management promises. According to Bleecker Street Capital, the head of the hedge fund, Job Aviation, is not in principle able to keep promises on the declared volume of aerobic production, making transactions with the company's securities particularly risky.

At the end of last year, prior to the SCAC merger, Joby Aviation announced that by the end of 2024, it would have used a branded five-seat aircraft to provide a "air taxi" like Uber services. By that time, the company would have had 141 Joby machines that were currently being tested. By 2026, Joby Aviation announced that it would be operating over 900 company electronics, each of which would be able to provide about 40 trips a day before the start of the New York Stock Exchange tender.

The Bleecker Street Capital documents show that Joby Aviation's experimental production site in Marina, California, can produce no more than 10 machines annually. To date, the company has only produced two prototypes of Joby, one of which crashed this winter. Simple arithmetic shows that by the end of 2024, the company will not have 141 aerobics, as promised to investors; however, the company has been able to enter into pre-contracts for Uber, Toyota, other companies, and even the US Department of Defense.

Joby Aviation's management rejects the attack and claims that it is actively looking for a platform for the development of an experimental aerobic production plant. Other analysts have also supported Joby Aviation, stating that investors are well aware of the risks associated with the company's activities. Another question is, how can the risks be properly assessed if information is provided with over-promises?

The company had previously reported that it had received from the national regulator one of several necessary certificates to initiate mass production of aerobics and commercial flights. The company ' s first mass model of aerobics should be a fully electrical five-seat machine with a vertical lift and landing, and the aircraft should fly up to 240 km at a speed of 320 km/h on full battery charge.