Joby's stock has been on a soaring trajectory in July, jumping 12% and reaching a new all-time high for the second consecutive day. This rally is driven by heightened investor enthusiasm towards the company's advancements in electric air mobility and its recent breakthrough in hydrogen-electric technology. Joby's German arm, H2FLY, achieved a significant milestone with a 523-mile hydrogen-electric flight, positioning Joby as a key player in zero-emission aviation beyond short-hop air taxis. The company's expansion plans and increased production capacity in California and Ohio reflect its readiness to capitalize on the growing demand for electric air travel. Despite conservative analyst targets, the market outlook remains positive for Joby, with investors recognizing its potential for commercial launches in the near future and a strong position in longer-range electric flight. The company's success in manned VTOL demos in Dubai has further bolstered confidence, resulting in fresh buy ratings and price target upgrades. While Wall Street's forecasts are currently trailing behind the stock's rapid ascent, the market is pricing in Joby's extended market opportunities and reduced risks post-hydrogen breakthrough, showcasing the market's anticipation of the company's future growth potential. Overall, the sentiment surrounding Joby is bullish, with the stock breaking through previous resistance levels. Although the company experiences volatility, its solid fundamentals—including a healthy gross margin and substantial liquidity—support its growth trajectory and align with the optimistic market sentiment.