The Crowd Is Dumping Joby Aviation. Here's Why I'd Be Buying It Down 30%.

Joby Aviation’s eVTOL program is facing stock-market pressure even as its FAA pathway advances, according to the article’s market-focused review. Shares of Joby Aviation have fallen about 30% over 2026 year-to-date and trade well below its roughly $21 52-week high, despite no fundamental change in the company’s progress. The piece says Joby has never been closer to achieving FAA certification and recently piloted an eVTOL in and around New York City. In the FAA’s five-stage type certification process, Joby is at Stage 4 and began for-credit flight testing in March 2026, with the FAA scrutinizing compliance rather than only design review. The article notes the White House-backed eIPP initiative, planned to start in the second half of this year, to test eVTOL operations in select cities. Archer Aviation is cited as the closest competitor after beginning its own for-credit flight testing, and the article references prior Morgan Stanley growth scenarios for the sector.