Cathie Wood Invests in Three Next-Gen Mobility Stocks
Cathie Wood, CEO of Ark Invest, has increased her positions in three next-generation mobility stocks—Archer Aviation (ACHR), Joby Aviation (JOBY), and WeRide (WRD)—despite their significant declines this year. The eVTOL aircraft developers are down between 38% to 56%, yet Wood sees potential for future growth as these companies work through regulatory hurdles. Archer is preparing for its "No Roads" flight tour, aiming to demonstrate the capabilities of its Midnight aircraft ahead of becoming the official air-taxi provider at the 2028 Summer Olympics. The company has commercial and military partnerships in place but remains unprofitable with no trailing revenue yet. Joby Aviation faces similar challenges despite a larger market cap; it is expected to reach $1 billion in annual revenue by 2029, though profitability may not come until 2031. Both companies are burning cash and rely on strong balance sheets to fund operations through the next few years of losses. Wood's recent purchases suggest she believes these stocks have hit attractive valuations despite their current struggles.
Topics: Archer Aviation Ark Invest Cathie Wood eVTOL industry stock market