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Joby Aviation stock drops 27% in a month amid sector-wide air taxi selloff, hinting at possible bottom.

Market News
23 Oct 2026
24/7 Wall Street
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Bearish
Joby Aviation stock drops 27% in a month amid sector-wide air taxi selloff, hinting at possible bottom.

Joby Aviation's stock has fallen 27% over the past month, reflecting a broad selloff in electric air taxi stocks alongside rivals Archer and EHang. This sector-wide decline is driven by market concerns over regulatory certification timelines and the high costs before commercial service begins. A recent muted trading session for Joby suggests the selling pressure may be easing, but a clear bottom depends on upcoming certification milestones. Progress in regulatory approval could help Joby’s stock recover independently from the sector trend.

Archer Aviation trades at USD 3.90 on Pluang as of Oct 24, 2026 01:41 WIB, up 2.63% in the last day. EHang Holdings is priced at USD 3.36, down 0.88% in the same period. These moves show mixed short-term momentum in electric air taxi stocks amid ongoing sector challenges.

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