Joby Aviation's $500 Million Stock Offering Sparks Investor Concerns

Joby Aviation has announced a $500 million common stock offering to fund its growth, particularly in electric vertical takeoff and landing aircraft. However, the announcement has led to a decline in its stock price, as investors express concerns over potential dilution of shares and uncertainty regarding the company's financial strategies. This mixed response highlights the challenges Joby faces in balancing innovation with shareholder value.