Air taxi News & Analysis

Joby Aviation (JOBY) Stock Down 54% This Year Amid High Cash Burn

Joby Aviation (NYSE: JOBY) has seen its stock drop over 54% this year, attributed to factors like cash burn, dilution, and high operating expenses. Joby is working towards commercializing electric air taxis and plans to begin operations across 11 states in 2026, with the goal of flying paying passengers by 2027. Current uncertainties include awaiting FAA type certification and ticket pricing details. Investors looking for speculative growth could consider Joby's potential upside if it achieves its targets in 2027, especially as it shifts towards revenue generation.