Joby and Archer Aviation Are Falling Just as Air Taxis Near Reality
Key takeaways
- JOBY and ACHR stocks are falling amid high short interest and dilution worries, even as they announce key partnerships and acquisitions to push toward commercial eVTOL operations.
- JOBY down 50% YTD
- JOBY down 67% from all‑time high
- ACHR down 25% YTD
What happened
Joby Aviation (JOBY) and Archer Aviation (ACHR) have seen their shares tumble—JOBY down 50% YTD and 67% from its all‑time high, ACHR down 25% YTD and 61% from its record high—despite announcing key milestones toward commercial eVTOL operations. Both firms have secured major partnerships (Joby with Toyota, Uber, Delta, ANA, the U.S. Department of Defense; Archer with Stellantis, Anduril, United Airlines, EDGE Group) and completed significant acquisitions (Joby’s Blade Aerospace; Archer’s Wisk…
Why it matters
The steep price declines reflect investor skepticism that the companies can transition from prototype to profitable commercial operations, especially given the large dilution and the need for additional funding. The high short interest signals a cautious consensus that the valuation may be overextended. The recent…
Short-term and longer-term
Short-term. Short‑term traders should monitor the next earnings release for any updates on FAA certification status and cash burn.
Longer-term. Longer‑term investors need to assess whether the companies can achieve sustainable profitability once commercial operations begin.