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