Jim Cramer Calls Joby Stock’s Decline “Brutal and Very 2000-ish”

Core Insights - Joby Aviation is compared to speculative stocks from the dot-com era, characterized by a lack of earnings and a need for capital to survive [1] - The company recently offered 30.5 million shares at $16.85 each, closing at $17.37, which is lower than the previous day's close of nearly $19 [1] Company Overview - Joby Aviation develops electric vertical takeoff and landing aircraft aimed at air transportation services and is planning to launch an aerial ridesharing network [2] Investment Perspective - While Joby Aviation shows potential, certain AI stocks are considered to have greater upside potential and less downside risk [3]