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Joby Aviation Stock Sinks on Latest News. Will the eVTOL Ever Recover Its Lost Value?

The Motley Fool·
Joby Aviation Stock Sinks on Latest News. Will the eVTOL Ever Recover Its Lost Value?

Joby Aviation's stock fell 20% last week following a stronger-than-expected jobs report, which raised concerns about potential Federal Reserve interest rate hikes. Despite positive company-specific news including NYC eVTOL demonstration flights, the macroeconomic outlook for high-growth companies dimmed. The stock is down over 50% from its all-time high, though FAA approval could trigger a significant recovery.

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