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Business

Akanksha Bakshi

Investor Confidence Wanes As Joby's Losses Mount And Commercial Timeline Remains Elusive

Joby Bill Peterson Joby Aviation NYSE T Schneider

Joby Aviation-Photo by T. Schneider via Shutterstock

Joby Aviation Inc. (NYSE:JOBY) shares declined after the company’s second-quarter results missed revenue and earnings expectations, intensifying investor concerns over its ability to sustain steep losses during a high-risk, pre-revenue phase without clear regulatory or commercial traction.

JPMorgan analyst Bill Peterson maintained an Underweight rating on the stock and reiterated his $7 price forecast. He highlighted Joby’s long development timeline and deep operational integration as strategic advantages. A key strength, he noted, is the company’s partnership with Toyota Motor Corp. (NYSE:TM), which underpins Joby’s manufacturing strategy.

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