Joby Aviation shares tumble below $5 as FAA certification remains pending

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Joby Aviation's stock fell more than 60% in 2026, hitting a new 52‑week low of under $5 on Tuesday.
The eVTOL maker has not yet obtained FAA approval and is in the final stage of FAA type certification, while continuing test flights and participating in the White House's eVTOL Integration Pilot Program, but it has not launched commercial operations.