The stock chart for Joby Aviation (NYSE: JOBY) tells one story, but the activity on the factory floor tells a completely different one. As we enter mid-February, shares of the electric air taxi pioneer are trading near $9.88.
This reflects a decline of approximately 25% since the year began, a drop that has rattled retail investors who are watching the company burn cash while they await the launch of commercial flights. However, a significant announcement released on Feb. 17 signals that the company is finally shifting gears from a research startup to a serious industrial manufacturer within the aerospace sector.
