Joby Aviation Stock Sinks in Volatility by 10% After Major Rally

The November surge was fueled by optimism surrounding Joby’s progress, particularly a $500 million investment from Toyota, one of its key strategic partners. Positive analyst ratings and increasing global interest in sustainable aviation added to the momentum. However, the decline was triggered by profit-taking as early investors capitalized on gains, coupled with a rise in short-selling activity that amplified the downward pressure. Market skepticism also grew over whether Joby can overcome challenges such as regulatory hurdles and heavy upfront investment requirements.