Why Joby Aviation Stock Crashed 18% This Morning

Shares of Joby Aviation (NYSE: JOBY), a recent special purpose acquisition company initial public offering that aims to build a short-range air taxi service utilizing battery-powered electric airplanes, saw its share price devastated in early trading Friday.

As of 9:40 a.m. EDT, Joby shares are down a staggering 17.8% -- and Joby has only itself to blame.

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