Joby, Archer Aviation Stocks Drop. Tesla’s News Was Only About EVs.

Instead, Tesla unveiled "Standard†versions of its Model Y and Model 3 vehicles, starting under $40,000 and $38,000, respectively. The news was essentially what investors expected. Tesla stock rose 5.1% in anticipation of the news and fell 4.4% on Tuesday, leaving shares up about $3 for the week. Shares of the pair, which make electric vertical takeoff and landing (eVTOL) aircraft, dropped on Tuesday after an announcement from Tesla turned out to be only about cars, as generally expected. There wasn't so muc ...