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Benzinga
Benzinga
Business
Akanksha Bakshi

Archer, Joby Slide As eVTOL Enthusiasm Wanes

Joby Aviation-Photo by T. Schneider via Shutterstock

Shares of Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) are trading lower on Monday as enthusiasm around electric vertical takeoff and landing (eVTOL) stocks cools amid renewed investor scrutiny over commercialization timelines, legal risks, and valuation.

Both stocks had recently reached new highs amid widespread optimism for eVTOL commercialization, but sentiment has shifted as traders begin locking in gains and reassessing emerging headwinds.

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