The Bot Brief

"There is no force on earth more poweful than an idea whose time has come."      - Victor Hugo

Bots in the News:

Despite the significant market correction on the final day of the week, the Bot Index actually gained 1.32%. This compared favorably with the 39-basis point decrease in the broad market. The bots were boosted by several of the Japanese companies and the recovery of Tesla.

Tesla benefitted from the return of Elon Musk to the full time ranks of the CEO. Consequently, the stock was the best performer within the Bot Index with its 10.23% weekly gain.

Joby Aviation increased nearly 6% following Friday’s President Trump signing of an Executive Order to “unleash American drone dominance,” which included directing the Transportation Department to develop an Electric Vertical Takeoff and Landing (eVTOL) program to accelerate eVTOL operations in the U.S... Trump’s recent economic connections with Saudi Arabia  were to strengthen ties in advanced transportation and innovation was in concert with Joby’s Saudi relationship delivery of up to 200 aircraft and services over the coming years, valued at roughly $1 billion.

Joby said direct sales to partners such as Abdul Latif Jameel form a key part of its go-to-market strategy. Its all-electric, piloted aircraft seats four passengers and is designed for urban air mobility at speeds up to 200 miles per hour, while producing less noise than helicopters and zero operational emissions.

Looking ahead, Joby plans to begin passenger services in Dubai by 2026. The companies also see potential for expanded revenue opportunities across the wider Middle East region.

The June 6^Th announcement by President Trump signals a transportation initiative much like occurring in the Middle East. Joby is in the driver’s seat when it comes to eTVOL in transportation opportunities in our domestic economy.