Joby Aviation is trading down 3.1% at $11.50. While broader market sentiment is mixed, a new report on June 3 highlights ongoing legal disputes and specific allegations from a key competitor.
- An industry publication detailed allegations from rival Archer Aviation that Joby concealed aspects of its Chinese supply chain and misclassified aircraft materials.
- Joby Aviation has denied the claims, arguing they lack factual support.
- The news surfaces amid ongoing pressures in the eVTOL sector related to certification, funding, and legal challenges between manufacturers.