Why Joby Aviation Stock Is Losing Altitude Today

By Yahoo! Finance | Oct 25, 2024 at 11:31 AM EST

Joby Aviation is selling additional shares to raise funds, causing existing shares to drop 14%. The company aims to commercialize electric aircraft but faces regulatory challenges. The offering will raise $202 million for certification, manufacturing, and operations. Despite short-term stock drop, long-term potential remains.

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