The eVTOL sector continues to pull back, with Joby Aviation down 53% year-to-date, and Archer Aviation and EHang Holdings also down 28% and 66% respectively.
Joby Aviation (NYSE:JOBY) fell 2% to $6.18 during Tuesday's trading, bringing its year-to-date decline to 53%. Archer Aviation (NYSE:ACHR) dropped 2% to $5.38, down 28% year-to-date. EHang Holdings (NASDAQ:EH) declined 1% to $4.45, with a year-to-date loss of 66%, making it the worst-performing stock in the sector. All three companies' stock prices are near their 52-week lows, reflecting a months-long continuous pullback in the eVTOL industry. EHang Holdings had previously withdrawn its RMB 600 million revenue guidance for fiscal year 2026 after a flight accident in June led Chinese regulators to slow down approvals for low-altitude aviation.
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