Archer Aviation Flight Ramps Up Air-Taxi War With Joby. Why Stock Is Falling.
1. Joby completed a 12-mile piloted flight with its eVTOL aircraft. 2. Archer Aviation's eVTOL flight was 51 miles long, demonstrating competitive capability. 3. Both companies are targeting commercialization timelines in 2025-2026. 4. JOBY and Archer shares fell recently despite previous 12-month gains of 194% and 157%. 5. Neither company is expected to be profitable by 2030, per market estimates.