10x EVTOL Stocks | JOBY, ARCH, EVEX, BETA

So now let's analyze the difference

between Archer Aviation and Joby. Uh

this is uh Archer's performance. Uh

since it uh I wonder if it's spacked

given that it started at $10. I wouldn't

be surprised if it spacked and it stayed

at 10 here for a while. As is with most

stocks that spack, they were down, you

know, 70 to 80% for a period of time.

Archer Aviation now trading for just

above their spa levels at almost $11. If

you look at uh Joby, you have another

one that also likely spacked settled out

over $10 here. Also fell down to

somewhere in the $3 range and also now

almost back to $10. So, what can we

analyze inside of these companies? Well,

I always like starting with uh the

fundamentals of the business. And you

can also get a nice business description

from these companies in their annual

reports. It's kind of a little hack that

I like doing. We grab their annual

reports and then what you'll find is

under business description, which is

usually just a page. They'll tell you

exactly what they do. So, here's Joies.

Joby is developing an all-electric

vertical takeoff and landing EV tall air

taxi. We intend to operate in cities

around the world. Our mission is to help

the world uh connect faster and more

easily with people and places in a fast,

quiet, and convenient aerial transport

service. Okay. One of the things that

you have to keep in mind with these

aircraft is that they're noisy. And so

that's why they're pitching quiet uh in

their annual report here because they're

not quiet right now. I mean, even a jet

engine is really loud obviously, right?

We don't want jet engines floating

around low, but helicopters around 1,500

ft pretty dang loud. these things. I I

don't know how quiet they could really

make it because you're breaking the wind

to create lift essentially. So, the

noise issue, obviously, they're showing

this out here in a field, is going to be

a big issue for air taxis. However, I

think it's solvable because you can

create corridors.

And usually the way you create corridors

with these things is you just follow

highways. That's my take. So, I'll give

an example here. Let's go to Los

Angeles. Sorry, I don't like LA. If you

live there, I still love you, but I just

don't like LA. You know, let's imagine

for a moment you took off from, I don't

know, let's pick an airport over here.

Uh here, let's take Fullerton or

something like that. I could absolutely

see a future where a company like Joby

or Archer or whatever in these taxi

services is basically able to take off,

you know, from some facility over here

or where these planes are parked or

whatever. It's probably a flight school

over here or whatever. and they end up

just following highways, right? Because

then you're concentrating noise. So, I

think that's a solvable problem. Uh, and

then you obviously have, you know, uh,

parking spots wherever. I mean, the nice

thing is about being able to fly is you

don't only have to follow the highway,

but then you create a corridor where you

fly maybe across to a different highway,

uh, you know, and however you go park

somewhere else here, Compton airport,

wherever you want to go. So, I think

it's solvable uh getting this this quiet

issue dealt with. The Joby EV tall is

designed to transport a pilot and up to

four passengers and an expected payload

of a,000 lb. Now, that's actually pretty

impressive because that looks like a

pretty small aircraft, the one we just

saw in the picture there. I've got about

500 flight hours as a pilot. And what

I've noticed in smaller aircraft is

their payload is really, really low.

I would say 1,000 pounds of payload.

Pretty impressive. However, this is

basically enough for five people, pilot

and four passengers. You're not going to

put a lot of baggage in there. In fact,

a pilot and four passengers assume zero

bags. If you're going to take a bunch of

bags, you might just be a pilot and two

passengers. So, there's a little bit of

a problem in in payload that you're

going to run into as well in these. Uh,

but if you're talking about a few

business executives and they're just

taking a briefcase, they got to get to

downtown LA in and out or whatever, it

could function. Again, you need those

corridors where people are going to be

okay with the noise. According to our

modeling, more than 90% of urban routes

in cities such as New York and Los

Angeles are significantly shorter than

this. The aircraft is optimized with a

target of 100 miles. Yeah. Okay. The

thing is, you need reserves in aircraft.

So, you're probably not going to want to

go and it's sort of like drones, okay?

With a drone, you usually want to land

when you're at about 20% battery because

it just the voltage starts dropping and

you're just going to fall out of the

sky. So, the reality is you need a

reserve on top of that. So, you probably

want to start thinking about landing

when you're at 50 miles, which means

realistically you've got about a 50 mile

charge on this puppy. Not great yet.

That's one of the other issues is

batteries are heavy and you I don't

think have the battery technology yet.

So it might just be early, you know, to

get the noise routes to get the payloads

to be functional, you know, cuz again,

you like can't get any bags in there if

you got four passengers. You don't have

a second pilot worth of redundancy, but

that could be okay, especially if there

are a bunch of technological

redundancies in the actual aircraft

itself. And so realistically, you've got

maybe 50 miles of range here, right?

Okay, cool. So that's our Joby aircraft.

That's the goal that they have. We

completed our first international

exhibit uh flight in at the end of 2024.

We do not currently intend to sell our

aircraft to third parties or customers.

Instead, we plan to manufacture and own

our own aircraft. Aha. building a

vertically integrated transportation

company for government agencies, the Air

Force, the Department of Defense, you

know, you could actually potentially

take people from like Vegas or Henderson

or wherever and fly them into uh you

know, Area 51 or whatever and and use

these as sort of back and forth routes.

Again though, that 100 mile range really

makes me nervous because if you have a

100 mile range and you go fly 50 miles,

you need to sit and park. Well, now the

darn thing is parking for 2 hours,

right? If you do a 25 mile trip, you can

go there and back, but then again,

you're down for a few hours. So, you

just don't have the uptime that like I

mean, think about like a Southwest

Airlines and and the whole point of a

taxi is minimal downtime. It's like you

park, you grab your passengers, you go

fly, you come back, you land, you park,

you fuel it up, and you go again. The

the downtime is relatively limited. You

know, even larger commuter aircraft,

your downtime's what, you know, 45

minutes or so, maybe an hour. But do you

really want to minimize that? How long

is it going to take to charge these

puppies all the way up to full? Because

you're not doing the first 50%. you're

doing the last 50% which charges slower

than the first 50%. So that's going to

be something to pay attention to with

with these models over at Joby and

Archer. We believe vertically integrate

and they're going for vertical

integration. This makes sense. I mean

this is, you know, a big pitch and it's

kind of cool if they could pull it off.

When they pull it off, it would be

great. We operate a powertrain

electronics engineering and

manufacturing facility in San Carlos,

California. Well, that's kind of cool.

I'd love to visit that. With local

support from California, we have begun

the construction of a new plant. Oh,

that's cool. We believe California

operations will be able to support low

production plans and testing and

development. I mean, that's kind of

cool. The NEO of the skies. Yeah, I see

your comment here. I think that's

awesome. How do you know the 100 mile

range is not already counting the

reserve battery? I suppose I don't. I

mean, you could be right about that

because it says the aircraft is

optimized with a target range of up to

100 miles. Let me just put it this way.

I think they're gonna give you the most

salesy item here. But I appreciate you

saying that because I don't have that

answer. Maybe if we look at their pitch

site on their product, it might say over

here 200 mile top speed. Yeah, see they

don't downtown to JFK. I mean, these are

all popular, but those are already being

serviced by actual helicopters. That's

another thing, too, you have to

remember. Yeah, they don't talk about

their battery here. These companies are

also going to compete with helicopter

operators. So, keep that in mind. Okay,

so let's look at the financials. So,

Joby has current, we don't really

honestly need to look at their revenues

that much. What we need to look at is

what's going on over here. Job's current

assets. We've got 122 million of cash.

That's that's decent, but you could see

it's burned down in just the last

quarter by a lot, actually. Look at

that. What happened here? get almost $80

million of burn right here uh in the

cash. I mean, they could have deployed

it into another asset, I suppose. Total

current assets went down. Total assets

went down. Doesn't look like it went

into very much in terms of assets. Our

payables are stable and our total

liabilities plummeted here. Something

something got paid out here. Earnout

shares liability, warrant liability. Oh,

this is all old spa stuff. When

basically the stock reaches a certain

price, they just dilute the stock more

because like insiders get, you know,

bonuses or early investors get paid out

more or whatever. Okay, cool. So, as you

can see, this is a pre-revenue company.

Holy smokes, dude. How did we spend $134

million on R&D? And what are you

spending GNA money on? $29 million on

GNA. Well, you're not selling anything.

So, really, this is $29 million of

general and administrative. Wow.

Including some related party purchases.

Well, those are nominal numbers. That's

fine. Okay. All right. So, I mean, look,

we know it's losing money. That's not

the secret here. Uh the question is, how

long can they sustain with this cash

burn? So, their cash flow, I mean, look

at this plant property equipment 15. We

have a $125 million cash burn in three

months. And when I add these two numbers

together here, so Joby does not have a

lot of cash and we're we're nowhere

close to actual operations in my opinion

at this point. I'm very excited about

what they can do. I think they can pull

this off, but they need money. So if

we're burning 125 miller, we do have

these short-term investments though.

That's good. So, we're burning, call it

135. We've got 812 minus the current

liabilities. The current liabilities are

good, only about 50 mil, right? So,

we're paying our bills as they come in.

We got 762 million available. Divided by

135, you got 5.6 quarters, you got about

a year and a half cash for a startup

like this. That's probably not highly

unusual.

Uh, it's not great. What's the line from

Chernobyl? Not great, not terrible.

Not great, not terrible. Let's compare

that to Archer. Uh, and and I have I

have no horse in this race race. So, I I

don't want anybody to think that, you

know, I have a bias for either of these.

So, they're doing the same kind of

pitch, you know, a commuter, which is,

you know, what Hilos do as well. Okay.

So, similar pitch, different aircraft.

Archer announces planned Los Angeles air

taxi network. That was in August. Oh,

see this is smart. I like this. Oh my

gosh, look at this. This almost follows

the highway the way I was talking about.

Although I don't know if these are the

actual flight routes or if these are

just like sort of hoped passages, but

this is cool. Now, how far are these?

Plans to launch network in Los Angeles.

10 to 20 minute electric flights. That's

cool. Land at LAX,

USC,

various different destinations. Okay,

that's cool. Los Angeles Rams begin as

early as 2026.

Yeah, but what kind of approvals do you

have to do this? Because I think they're

just saying we plan to do that or like

we hope to do that, but do they have

anything from the government that says

they care? Well, I guess the University

of California is engaged to be part of

the network. I guess a private entity

like Well, I mean, technically, well,

yeah, it's a private entity. I guess

technically they could probably do it on

their private land. It's like, hey, you

could land over here. That's kind of

cool. So, these are designed for back

and forth flights of 20 to 50 mi with

minimal charge time in between. So,

they're kind of trying to address the

concern that I had. 100x quieter than a

helicopter at cruising altitudes.

Really,

if that's true, that's very impressive

because helicopters are also quite noisy

at cruising altitudes, though. So, in

other words, takeoff and landing might

be pretty noisy, but then at cruise,

these puppies might almost just glide.

Huh, that's interesting. Redundant

systems, that's fine. Designed to carry

a pilot up to four passengers and

carry-on luggage. See how they specify

specifically carry-on luggage because

again, they they just don't have the

payload for this, right? 100x is that

like 20 dB quite I know, right?

So, Governor Nuome commented this is

what Okay, whatever. I don't really care

what Newsome is talking about. Yeah. So

I I guess if you make an argument that

you have a partnership with a private

entity, this this could function. Okay.

All right. Fine. So let's look at their

I mean they're not going to have

earnings either, but let's see if their

cash burn is like how different their

cash burn is. First quarter results. So

operating. Okay, what do we have here?

Net loss in the quarter of also about

$und00 million. We do have a billion

dollars of cash though. So you have

Let's see what the cash flow is. Wait,

why do I see AI here? AI partnership

with Palunteer. Get out of town, dude.

Everybody is partnering with Paladier.

That is the funniest thing ever. That I

just saw it out of the corner of my eye

and I'm like, wait.

Archer has forged a foundational

partnership with Palanteer to build

artificial intelligence for the future

of nextgen aviation technologies. The

company's plan to include the

development of next-gen software

utilizing AI to improve the range. Dude,

hey, quick reminder. If you want to earn

a 5% yield plus all of the upside in my

real estate startup, we are offering a

nonacredited investor round where we

will pay you a 5% yield plus you get all

of the upside in the stock when your

stock converts in the future. It gives

you an opportunity to diversify away

from rich stock market valuations,

diversify away from most tariff risk,

diversify away from the craziness of the

treasuries market, especially with these

Moody's downgrades. You diversify into

fixerupper real estate, which is what I

believe I do best. This is my baby. I

call it my little Berkshire Hathaway.

Now, maybe I'm biased, but I've got over

$5 million of my own money invested into

this business, and I'm so excited for

what I think we're going to be able to

do with this business over not just the

next years, but the next decades. So, if

you want to invest in my real estate

startup, go to househack.com and know

that I will do everything for this

business in my power to make sure we can

do the absolute best that we can. Make

sure to read the solicitations and

disclosures on the house hack website

because there is risk with every

investment. What? You're using AI to

improve the range? This is mostly

mechanical.

I don't that seems like I mean like

maybe you could use AI for logistics,

right? So the way you do that is like

hey I got I need to go here, here, and

here. I've got people I got to pick up

here, here, and here. I've got these

payloads I've got to move and AI can put

that data together. That's what I think

what they mean here. But I don't I don't

think AI is somehow going to make my

propellers and my battery more

efficient. I don't know, maybe I'm

wrong. I think this is probably more

just logistics planning, which is

basically the same thing that you would

see at um you know, like UPS or

whatever, right? So, this isn't really

that big of a deal. Archer plans to

deliver its midnight aircraft to the

United Arab Emirates in the coming

months for planned deployment later this

year. Okay. Archer recently secured

design approval for the first hybrid

helport. Well, I mean that's cool. Abu

Dhabi. That's cool. Okay. Okay. S.

They're also out of California. I wonder

where these are parked. This is just at

an airport somewhere. I bet you I could

fly into this airport where these are

parked and uh and go see them. Just go

walk over to him. Probably get in

trouble. So, I'm not going to do it.

Don't sue me, bro. Don't I have a button

for that somewhere? I think if I push my

sound effects, I'm going to break

something again. I need to fix my little

soundboard. All right. So, do we have a

cash flow here? Because I don't actually

have a full statement. So, let me do

this. Let's go to because they only gave

you a Q1 press release. So, we go to the

SEC filings. We're going to go to a

quarterly. Oh, there it is. Perfect.

This is much easier for me to read.

Okay. And also just to look at their

difference in business. It should be

roughly the same. Uh it was a spec. Oh,

they don't give it in a 10 Q. Of course,

it's only in the 10K. That's fine. Um so

what do we have over here? This we have

$1 billion here. Good. Yeah, we were in

the 10 Q over here. Okay, perfect. Just

making sure. Good. So we have a billion

dollars of cash. Look at this. Their

cash has actually gone up. How did their

cash go up by $200 million? Well, let's

find out. It's over here on the cash

flow statement. They'll tell you cash

flows. Here it is. Ah,

they issued $300 million of shares

proceeds from registered direct

offering.

But when was that? Yeah, just in the

last three months. Interesting. Email

them, Kevin. They might do an interview.

I'm down. I I would I'd be look what's

kind of weird now is I've never analyzed

these companies uh like as a pilot. This

is my first time as a pilot analyzing

this and I think it's kind of cool

because my mindset now is coming from

the angle of okay, how much weight can I

carry? Uh you know what kind of winds

can I land in? How much reserve fuel do

I need? Which in this case is battery.

you know, like what are what are my

safety features, right? Like all these

things matter now and that and you just

don't really think about those when when

you're not in that world, which totally

makes sense. So looking at it now, it's

kind of exciting. Cool. So net loss 100

mil. So they raised money. I actually

think these companies probably won't run

out of money because there's so much

hope around them that they could just

keep doing that. They could keep raising

money, right? So what are they spending

money on? Oh, you know what? Let's put

these side by side. Oh, the Q's are up

nicely. Well, that's what I thought

would Oh, and Nebas. Nice.

I'm just looking at the ones in our

alpha report this morning in the course

member live stream. We were talking

about Nebas and Corewave and and and

some others and targets and that. And

so, I'm just seeing the momentum move on

those. We even talking a little bit

about AMD, although that was because of

a course member. So, shout out to them.

Okay, so this was let's look at the

expenses here. Who's spending more

money? Here we go. So R&D and then we'll

compare it to R&D over here. All right.

So on the left we have Joby and on the

right we have Archer. So R&D here we

spent 103 mil. Over here we spent 134 in

the quarter and that was R&D. GNA. Both

of them are pretty up there on GNA. 40

mil and 29 mil. I'm still a little

frustrated by that. But Joby actually

has a bigger burn. It looks Wait, but

Job's net law or operating loss is

negative 163. But then we have

Oh, okay. Well, this is this is uh this

has to do with warrants and earnout

shares. Okay, that's not going to be

ongoing. So, let me just look at the

operating expenses. loss from operations

144, loss from operations 163. So Joby

has a little bit less capital and

they're burning more money and Archer

just raised like $300 million on the

market. So I think the way to look at

these plays when when you look at both

of them is they're kind of options on

the future. like you're not really close

to these doing anything anytime soon in

terms of functional revenues. My guess

is you've got probably, you know, I

could see test flights in 2026,

like actual test routes, but those are

going to be money losing flights. You

don't have the battery technology yet

and you really need to figure out how to

increase the payload so you could take

more passengers ideally than just four

people, right? Because if you're going

to do that flight, it'd be nice to take

like 12 people, you know, and some

baggage, right? Fine. But whatever, you

know, maybe maybe they could charge

enough. I don't know, four people for

that kind of flight. It it just seems

like the revenue like the the cost per

ticket is going to be so high. I mean,

think about it this way. If if I took

that thing off, let's say if I had a

helicopter, if I went from one part of

LA to another part of LA, I would

probably expect to spend 1,500 bucks for

one person to get from one point in LA

to another point with a helicopter,

right? takeoff, land cycles, warranty

programs on the engine uh for the

helicopter or engines for a multi-engine

uh the uh for like a plane uh warranty

program on just parts and repairs uh

your landing struts, whatever. And I

don't know much about helicopters, but

I'm speculating that you would have to

spend that sort of money plus the fuel

obviously and the pilot, right? You got

to pay for all these things. If you put

four people into it, well, four people,

1,500 divided by four people, that's

$375 a person. That's your break even.

You got to make a profit on that. Well,

somebody's not going to spend $500 to

avoid a 20-minute commute. So, the cost

to operate these things would be my

biggest question is like, can I get

these down to an operation cost of $750

an hour? Well, let's say I can operate a

Joby or an Archer at $750 an hour. half

the cost of helicopter and I could put

four passengers in it. My break even is

about $200 a person. Okay. Are people

going to pay say $300 to get from one

end of LA to the other? Some people

will. That's not that bad. Uh you know,

if you want to forget two hours of

traffic and you know you're some CEO or

whatever, you're making plenty of money,

it's an option. It's interesting but

then you have to convince people on

safety. You need the noise routes. So

point is are these in the future?

Absolutely. I think there's no doubt

that there is a future here. I think the

limitations right now are politics

around noise and permits payload and

weight break even costs aren't even that

matter that much of a matter right now

because once they start operating the

stocks will go up and they'll be able to

raise plenty of money from their stocks.

Uh that said, you're constantly likely

going to get diluted. So when you get

these momentum runs right here, it's not

actually a surprise to me that after the

stock ran in November and December, they

issued a crapload of shares and the

stock went down because that's what they

should do. It just gives them more cash

to survive longer. So, you know, good

for them. So long-term future, yes,

between now and then, there are a lot of

things to look at. battery tech,

regulation, safety, profitability. So, I

wouldn't bet against these companies

because once they figure it out, they'll

be worth way more than they are today. I

mean, what do they trade at? I mean, $7

billion, that's already quite a lot for

like a money losing idea, right? Six and

seven billion for money losing idea.

It's already quite a bit, dude.

Coreweave keeps going. Let's go. This

was in my alpha report for trades today.

Okay. Uh, send Kim Kardashian up there.

She'll do anything these days, says

someone.

Uh, okay. Let's see here. Archer

Aviation is re I want to see some of

your comments. Somebody writes, "Archer

Aviation is recommended by Arc Invest."

Kathy Wood, I like how you like

specified like, "Oh, by the way, you

know, Kathy is ArchInvest."

Thank you for clarifying that. Somebody

says FAA can't handle the traffic they

have now. Might be issues there. Yeah,

especially through busy areas like LA.

But that's why I think they'll do

corridors and and I think they can route

traffic around specific corridors. So

I'm less worried about traffic. Although

I respect the concern because it's a

disaster if they are on like perfect

corridors every single time. Might not

be that big of a deal. Does the physics

make sense on short distance air travel?

So much wasted energy. I don't believe

in flying cars. Well, I mean it's not

about the physics or the energy. It's

about time, right? People who don't want

to sit for traffic in two hours because

they have an important meeting that's

going to make them $100,000. They'll pay

$500 for a ticket to go get there faster

so they could get to the next meeting.

Right. It's sort of the nature of the

economy after all. Right. Let's see

here. Oh, that's funny. Thank you for

saying that. Yeah, I see a comment here.

Uh what was it? Uh where was it? 12248

AMD resisting to the scent like Kevin's

alpha report. Uh, thanks Renee for

saying that. Yeah, if you're not part of

the alpha report yet, remember you can

get that at meetc.com.

Joby has more FAA certifications under

the new FAA EV tall rules. Hm. Okay.

Well, let me look at those. FAA EV tall

rules. Let's see what they came up.

Advanced air mobility. What is this

umbrella term for an aircraft that's

highly automated, electronically

powered, vertical takeoff and landing,

air taxis? milestones.

Oh. Oh, this is to certify the actual

aircraft to fly. Oh. Oh. Oh. Oh. That's

very good. That's very good. So, they

are they have a a pathway to certify the

aircraft to fly, which is good because I

do think we can get air corridors. I

still am worried about battery range and

um payload, but that is very

interesting. Thank you for mentioning

it. Can you honestly think?

Oh, Mav Mav, you need a hug. Okay. Wall

Street article, Wall Street Journal.

Okay. Rumors circulating. Okay. We'll

take a look at that in just a moment.

So, Joby has Toyota as an investor and

manufacturing partner. So, that I

actually think is quite valuable. I

think the Japanese

industry as as well as the Chinese,

frankly, are are great partners. And I

think if you can manufacture these with

a with an Asian partner, you'll do very

very well. So I do actually like that

with Joby on on a Toyota partnership.

Archer announces partnership with uh

Anderil to develop hybrid EV tall

military aircraft raises additional 430

mill.

Nice. Yeah. I mean so basically they

sold stock on the news of this

partnership. I respect that. I mean

that's cool. military partnership.

That's a perfect use for this perfect

use because you're not you're less

worried about, you know, downtown LA

politics and the bull crap of trying to

have noise corridors. You don't care. A

military partnership for Archer.

Very smart. As well as having a

manufacturing partner. Uh, very, very

interesting. So, I totally agree with

that. So, I like that. Thank you for

bringing that up. You could use drones

to find wedge deals by taking photos of

the roofs.

I mean, yeah, I guess technically.

Uh, I'm just I want to buy my own Joby

and my own Archer. I'm going to go fly

myself around from my backyard. Kind of

cool. Okay, cool. So, those are my

thoughts on Joby and Archer. Uh, again,

I love the direction of where this is

going. I do think military is the way to

go. the more of these partnerships, like

they will be part of the future. It's

just a time issue. That's it. And how

much stock do they have to burn in the

meantime because obviously they're

losing cash, right? So, your investment

is kind of like a lifeline to those

companies to keep them with their R&D

and manufacturing or whatever, whatever,

whatever, which is fine. Uh, but just

know it's it's going to be a while until

we get to profitability. It's something

where like Warren Buffett would look and

say, "Hey, too speculative for me." But

then again, he'll miss the boat when and

if they hit and they get their approvals

and their certifications and their

profitability and he'll wait until

they're like dividend cash cows, right?

But before these are dividend cash cows,

we're probably looking at like 15 years.

So, who knows? Could it be a

generational opportunity? Maybe. But

another way to look at it too is could

there be a really big buy the dip

opportunity in a recession? Probably.

Because in a recession, people are going

to have less money to buy these stocks.

So the stocks plummet and then when the

stocks plummet and they raise money

because they have to, they push the

stock to these, you know, $3 lows, they

basically become a penny stock, right?

So those might be these might be the

opportunities to invest in sort of these

more speculatives. Just because the

market is more euphoric now doesn't mean

that the actual underlying business

fundamentals have changed at all over

the last, you know, 6 months. Again, not

bearish, just it's just going to be a

time issue. a good append, you know, uh

a good little addin to our Joby Archer

video where you've got Beta Beta

Technologies. We don't have financials

for for them because they're a private

company, but basically they're an EV

tall manufacturer

uh that

you know sees the future of these EV

talls expanding from just being regional

operations under 200 miles of range now

to up and down the east coast by the mid

2030s and across the country by 2040.

That's because of the limitation as they

say now being batteries which makes

sense. Uh the batteries are very very

heavy and you need a lot of battery to

get a good distance. So you're doing

these 15 20 minute flights. Uh and then

you go land.

Totally makes sense. Uh and kind of

exciting. Uh I mean here's just yet

another competitor compared to Archer

and Joby. Uh and I think they were said

they were raising somewhere around uh

what I think maybe like a $3 billion

valuation. We we should look really uh

we'll look in just a moment but uh yeah

actually we'll just let's see beta

mobility

investment

uh valuation. Let's see what they've

got. So they raised

beta technologies not mobility.

Beta technology raised

ah series valuation of $3.78 billion

which is a bit of a discount from Joby

and Archer which are trading for you

know5 to6 billion right now. And here's

a company that's private, but uh you

know, at least based on what they're

saying, they minimize their cash burm by

selling batteries and and parts uh you

know, components or technologies,

whereas Joby and Archer don't, you know,

they're using cash that they're earning

or basically collecting from

shareholders and throwing it into uh

into the business to uh expand these EV

talls. So, kind of an exciting biz. It's

also worth noting that Embraier,

one of the commenters here, brought it

up, but it's true. And we've we've

talked about this. I mean, years ago, I

remember talking about Embraer uh

getting into these mobility plays as

well. But here's like an Embraer

article on uh you know, their

partnership with Eve Air Mobility. This

has actually got a ticker Eve X

uh a global leader in manufacturing and

providing services for EV tall

announcing a significant advancement in

the first flight of its EV tall

prototype team of engineers blah blah

blah I think they spun this business off

Embrier who manufactures actual business

jets right now uh and regional airliners

they I'm pretty sure spun this off

through its relationship with Embry Air

the third largest aircraft manufacturer

Eve is able to take advantage of

Embria's 55 year history in designing

blah blah blah and manufacturing with

letters in of intent for 2900 EV talls.

So this it's turning into quite a you

know competitive space which makes

sense. I think that's just sort of the

direction you're going. But here's

another option. Here's a EVE is a 1.66

billion company. big market or a

partnership also another spa big

partnership with um Embraier

little bit of a newer company though and

smaller see 174 employees beta

technologies has like 800 employees uh

and this one founded in 2020 where

whereas a lot of the others were 2015 to

2017 so Eve a little bit newer spin-off

from Embri also spacked uh it'll be

interesting to see where they go but uh

I guess you could look at Eve Eve. Uh,

just do Evall here. And yeah, there we

go. Eve mobility. And you can see their

EV tall. So, yeah. Okay. Well, this

one's green.

So, no no shortage basically of uh

competitors here. Oh, look at this. They

even let you pick a route to fly. Uh,

okay. Let's do Miami. Oops, that's so

funky. Miami to South Beach. Oh, that'd

be nice because that's like a 45minute

drive. You know, the airport's like way

inland over in Miami and uh getting to

South Beach. You basically have to, you

know, get across the bridge right next

to downtown Miami and it's a pain in the

butt. So, I my guess is it's at least a

40-minute drive depending on traffic.

But, we're going to look right now.

Okay. We're going to reveal it together.

Let's Let's Oh, 20. It's Wow. It's 20 to

24 minutes. I was wrong. I was wrong.

Shorter than I thought. But anyway, I

guess it depends on the time of day

because I feel like I've taken this

drive before and I've been stuck in

traffic and it sucks. So, it could be

time of day. Right now, it's 8. It's

11:00 a.m. on a Tuesday. So, I don't

know. Let's be mean and just go to like

4

p.m. Let's see what it says.

Oh, wow. Yeah. Look at this. Look at

this. during rush hour. 35 minutes to an

hour 20. That's what I've been stuck in

before. So, if you happen to go during a

crappy time, you're screwed. 30 minutes

to an hour. That's where my 40 minutes

is coming from. So, anyway, okay, let's

fly it with Eve.

Oh, see, they even use 45 minutes as an

average drive time. The EV tall, they're

saying 15 minutes. Now, one thing that I

think people forget when it comes to

aviation,

it's not just the flight time that

matters. It's also the leadup time.

Like, you got to drive yourself to the

airport. You know, by the time you drive

yourself to the airport, you could have

already been there,

right? So, you have to drive yourself to

the airport. after you drive yourself to

the airport. I mean, this might be good

for like arrivals to the airport, right?

So, maybe you flew into the airport, but

then you got to walk to wherever the EVE

terminal is, okay? So, you have to

adjust for that. Then you have to board

the plane, check in. You're not going to

put a lot of baggage in the thing

because they can't carry baggage really

yet. And by the time you actually are

buckled up and able to, you know, start

taxiing to take off and you're sequenced

in for traffic, it's going to be another

20 minutes, 30 minutes. So like when you

actually add these time frames up, this

I don't know how desirable of this this

one is. I don't think this is a good

example because I don't think you're

saving that much time. They should they

should have a better example than this.

I don't know anything about Sydney,

but let's see what they're doing here.

Popping over 50 minutes versus See, this

is a better example because it shows how

you have to take this weird roundabout

way to drive. 6 minutes versus 50. Kind

of cool. Singapore. Let's try this

airport. See, I like this. Okay, that's

a tunnel. Oh, they have a tunnel though.

45 minutes versus nine. But still, all

the check-in pro, it's like a novelty,

right? If they've got a tunnel, may as

well, if you've got the car, use the

car.

I don't know. So far, those aren't very

exciting. They should really pick better

routes. You know, something where like

there's not a bridge to go over water.

90 minutes versus 19. All right, maybe.

Anyway, it's coming. It'll be part of

the future. Which of the companies to

pick? I don't know because air air

travel the problem with air travel is

it's such a commodity.

Uh it's

they're probably just money losing

businesses. So best case scenario, you

become like a manufacturer and you just

sell the product to operators because I

think the business probably just loses a

bunch of money because, you know, how

are people going to be motivated to pay

uh for these,

you know, flights unless they're

substantially cheaper because you're not

saving that much time passengers between

say uh Newark and JFK or JFK and

Westchester uh as a this. So, first of

all, it was four passengers on the

airplane. Instead of coming out and

checking it out, why don't you come? You

should come fly with us. I would love

to. It's an amazing experience. What

does it mean? Do I get to wear a

parachute?

You don't. You can if you want, but I

don't think you need one. We We I mean,

we had years of safety requirements

testing to bring us to the level to be

able to carry passengers. This is the

electric uh aircraft company that just

did a Hampton's to JFK flight. Point

that the recurring cost of flight is

nearly insignificant. As I mentioned

after the flight, going from East

Hampton to JFK was about $7 of

electricity. It's transformative, but

total cost is what we care about. Low

cost and it's super safe because the

safety standard keeps going up. And this

is going to totally change aerospace.

Well, let me ask the obvious question

here. We talk about range anxiety all

the time when it comes to electric

vehicles. When we're talking about

electric aircrafts, I have to imagine uh

that anxiety is tenfold at least.

Actually, it's like one

in aviation. We have compulsory

requirements to carry extra energy

that's measured in hours, right?

Typically 45 minutes plus an alternate.

So an hour of extra fuel. So wherever

you're going, you plan for that. You

charge up appropriate such that when you

land, you have about an hour extra fuel

to accommodate any contingencies. Unlike

driving on the road, it's a very

controlled environment. So the range

anxiety is kind of irrelevant in this

case. Unless you're going to Newark

because then you could be just circling

for hours. You could be. But remember,

you could land at Peterborough, you

could land out in Essex, you could land

anywhere if you start to get to a low

fuel just like you would in a regular

airplane. So, let me ask about um how

advanced the technology is. Like, can

you build a ton of these? Um can you

start flights soon? Are is charging

something that takes forever? Um so,

we've built a charging network all over

the United States. It's we've covered

the entire East Coast, gone to the West

Coast. charging takes about as long as

it Yeah, Embra Air has um they have

investments in air taxis. Uh I can't

remember which brand. We should look it

up. Length of the flight. So, you can go

all over the East Coast. We've flown

across the country and back. We have all

kinds of flying going on. Um it's uh

it's it's not a limitation at all. In

fact, it's a hell of an opportunity for

our business because we own the charging

network. So, not only are we the

aerospace company, we're the fuel

provider as well. Yeah, fair point

there. Eve, Eve Air Mobility, you're

hoping to get FAA certification by 2027.

There is some skeptism out there that

it'll happen that quickly. So, what

gives you the confidence that this could

be something that happens in the next

year or two? Yeah, I mean, quietly up in

Vermont, we have we have led the charge

beyond all of our public peers on

certification and entry into service.

So, we achieved a market survey ticket

that allowed us to carry the passengers

last week. That's a step towards

certification. We have articles like the

hardest articles, the motors, the

inverters, the new stuff that are in

type inspection authorization, which is

one step away from certification right

now, which is way ahead of the balance

of the industry. So, we're not a big

marketing company. We're a technology

company. I'm an engineer. I'm a pilot.

And we've quietly chunked away and done

the right things for a safe, reliable,

repeatably produced aircraft. and to the

facility. We built a a a huge aerospace

manufacturing facility specific for

electric aviation in Vermont. And uh

it's actually almost 200,000 square feet

and it'll make 300 aircraft a year. Wow.

You raised I mean what I consider to be

a ton of money at the end of last year,

right? Over $300 million in series C. Um

how quickly do you burn through that?

When's the next time you're going to

need financing? Yeah, what's fortunate?

So we've raised about $1.2 2 billion

total and we also have an import export

bank of America. They have 800 employees

just under $1 and a half billion dollars

of capital has come into the company.

However, uniquely in this space, we're

making money selling chargers, selling

propulsion, selling batteries. So, our

cash burn is pretty low right now. We

likely will do another financing round

towards the end of the year this year,

but uh right now we don't need any

capital. We're very well financed and

we're paying for a lot of the things we

do through the sales of our technology.

Well, with that in mind, let's talk

about the future of the business. Could

you imagine going public at any point?

Would you be open to being sold to maybe

a Boeing or an Airbus or one of the

other big uh aircraft makers out there?

What does the future look like? Please

tell us now on national television. So,

so I will certainly So, yes, I can

imagine the the the course will at some

point probably intersect with a public

company. No, the the answer is I have no

interest in selling the company. This is

something I've been dreaming about. This

is my senior thesis in college. Finally

materializing 20 plus years later doing

something transformative for good for

him. That's awesome. And changing the

way the world will move. I have no

interest in getting out of it. This is

awesome. I mean, I get to fly the

planes. I get to build the planes. I get

to share it with people that I care

about. All of our employees fly. This is

like a dream come true. I have no

interest in getting out. Dude, I don't

disagree. And I'm honestly going to try

and take a weekend uh to drive up and

see your facility in Vermont. Um one

better. I'll come down and pick you up

and then we'll That would be fantastic.

We live right by the Westchester

airport. We'll fly the electric plane to

the electric plane facility. When when

uh when is this when are electric planes

going to replace um you know fossil fuel

uh powered jets. So So it will be

regional mobility. We'll be less than

200 miles. Then we'll go to 400 miles by

the 2030s. Then we'll be up and down the

east coast by mid 2030s. By 2040, 2045,

we'll be going across the country in

electric planes. The energy storage

keeps going up. Electric aviation is is

really fit to go to high altitude

because you don't have to breathe,

right? So, the aircraft can go pretty

fast, pretty high. So, the cost of

operation plummeting, the economies uh

economy is driving the scalability. This

is like what we were talking about

yesterday in the Archer Joby uh

comparison. more easily suited to

autonomous flight as well or even you

know control from. It's a modern

aircraft that's all fly by wire which

means it's all computer controlled so

autonomy is a natural fit for an

electric airplane. We've flown our

aircraft numerous times autonomously.

The military is already buying our

autonomous aircraft. All right, Kyle. Uh

I feel like we're just getting started

but we have to leave it there. Hope to

have you back. That's awesome. I think

that's really