Joby Stock Falls After Q2 Earnings Report: Here's Why

Core Insights - Joby Aviation reported a quarterly loss of 41 cents per share, which was worse than the analyst consensus estimate of a loss of 19 cents [1] - The company's quarterly revenue was $15,000, significantly missing the Street estimate of $43,000 [1] - Joby ended the quarter with $991 million in cash and short-term investments [2] - The CEO highlighted that regulatory progress is unlocking market access and emphasized the focus on scaling production to meet demand [2] - Joby Aviation's stock price decreased by 3.01% to $18.93 in extended trading [3]