Joby stock at $13 might be like investing in Tesla in 2011.

Joby Aviation shares trade near $13 while the company pursues final FAA certification and plans a commercial air taxi launch in Dubai in 2026. Observers note similarities to early Tesla in vertical integration and clean-transport ambitions, but competition and an unproven service model are also reported.

Joby Aviation is trading near $13 per share as it works through final regulatory steps and prepares for commercial flights. The company develops electric vertical take-off and landing aircraft intended for short urban trips and is partly backed by Toyota. Some investors compare this phase to Tesla's early years because Joby builds key components and aims to change transport toward electrification. The comparison is being discussed because both firms combine hardware and software design and target new clean-transport markets. What we know so far: - Joby is reported to have a market value around $12.4 billion and has described long-range test flights, including a 523-mile trial reported as producing water as a by-product. - The company designs and manufactures its own electric motors, propellers and control software, which observers liken to vertical integration seen at Tesla. - Joby says it aims to begin a commercial air taxi service in Dubai in 2026 and is in the FAA's final stage of certification. - Competitors such as Archer Aviation in the US and EHang in China mean early markets may be more contested than Tesla's early EV market. - The company is reported to be exploring revenue from selling aircraft to third parties and from maintenance and aftermarket services, including potential military and medical uses. Summary: Joby's technology and vertical integration have led some to compare a $13 share price to early Tesla, but the company's path depends on certification, operational rollout and market acceptance. The next milestones are reported commercial service in Dubai in 2026 and final FAA clearance; outcomes remain undetermined.