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Joby Aviation Drops 3.5%—FAA Delays and Cash Burn Raise Red Flags #NYSEJOBY #StockMarket #Technology
Joby Aviation stock slid 3.5% to $9.22 as investors worry about mounting losses and the pace of FAA certification. Despite $2.47B in cash, Joby’s Q1 net loss widened to $110M and its accumulated deficit hit $2.9B. A new announcement failed to lift sentiment, raising questions about when passenger operations could launch and how long the ...
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