How JOBY Stock Falls To $3?

1. Joby stock soared over 200% but remains pre-revenue. 2. A $500 million share sale will dilute existing shareholders significantly. 3. Joby's FAA certification is uncertain, delaying commercialization efforts. 4. Intense competition in eVTOL could affect profitability prospects. 5. Analysts warn of a potential 80% downside risk in adverse market conditions.