Joby Aviation Shares Fall As Growth-Stock Sell-Off Overwhelms Q1 Beat
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Joby Aviation shares fell 2.73% to $10.35 as risk appetite waned among growth stocks, despite a positive Q1 report and a clearer path to 2026 commercial operations. The company reported revenue of $24.25 million, exceeding expectations, and reiterated plans for initial operations in 2026, including potential early launches in 11 states. However, the stock remains sensitive to macroeconomic factors and is trading below key moving averages, indicating ongoing volatility.
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