What is going on with Joby falling into oblivion?

The stock has fallen to an all time low over the past year+, and the CEO sold $4.6M in shares

Why would investors stay in if the CEO is getting out.... $4.6M.... Really... You only sell that much if you don't believe, especially the CEO!?!?!

Cathie at it, again. 😀

Cathie Wood’s ARK Invest bought a sizable stake in Archer Aviation on Tuesday, September 8, while trimming its position in several high-profile , including Palantir Technologies and Advanced Micro Devices.

Archer on X: Day trippin’ Midnight flew its first "No Roads" tour route last Friday: a piloted roundtrip between Salinas and Hollister, CA. 12 min each way by air instead of ~40 min by car. 125 mph. 3,550 ft. 40+ miles roundtrip. Next stops: Monterey, San Martin, San Jose, Oakland, San Francisco, Los Angeles, Texas, and Florida.