Joby Aviation Just Dropped 20% in a Month. Is It Time to Sell?

Joby Aviation shares have fallen 20% over the past month to $6.09, extending a 54% year-to-date decline, with no Joby-specific announcement cited during the window. The article notes that the broader electric air taxi peer group moved similarly: Archer Aviation dropped 16% to $5.30, EHang fell 19% to $4.57, while the SPDR S&P 500 ETF Trust (SPY) declined about 1% over the month. Because core air-taxi operations remain pre-revenue, the piece argues the sector’s valuation is highly sensitive to interest-rate expectations, which discount future cash flows. It concludes that investors may view the move as a category re-rating that could reverse if rate expectations soften.