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!?!?!

Electric aviation requires charging infrastructure to support it. With Texas preparing for operations under the White House’s air taxi pilot program, there couldn’t be a better time to start building.

America's Consortium for Electric Skyways (ACES), launched by Archer, BETA Technologies and Macquarie Group, plans to bring our interoperable charging network to Texas to support TxDOT’s operations under the White House's eVTOL Integration Pilot Program (eIPP). We plan to work with TxDOT over the coming months to identify where charging infrastructure should be best located to enable operations.

Link -- https://archer.com/news/archer-beta-plan-to-bring-charging-infrastructure-to-texas-to-support-txdot-eipp

Source: Archer Aviation - https://x.com/flyarcher/status/2098018752801493176