Why Joby Aviation, Inc. (JOBY) Crashed On Friday

insidermonkey
2025.05.31 09:48
portai
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Joby Aviation, Inc. (NYSE: JOBY) saw an 8.22% decline on Friday, closing at $7.82, as investors took profits following a recent surge fueled by a $500 million investment from Toyota. This investment aims to support the certification and production of Joby's electric air taxi. Despite the potential of JOBY, some analysts believe AI stocks may offer better returns. Joby is focused on developing an all-electric vertical take-off and landing air taxi service for urban areas.