What's a beaten-down stock trading for $5 a share, whose company is building one of America's first electric air taxis and could be worth several times its valuation if it succeeds? My answer: Joby Aviation (NYSE: JOBY). Yes, Joby, the electric air taxi developer, has been on a roll in 2026, flying its eVTOL (electric vertical takeoff and landing) aircraft in New York City, San Francisco, and Dallas-Fort Worth, and gearing up for its first passengers. And yet the stock has tanked -- no surprise, really, given its extraordinary valuation before -- dropping about 65% this year.
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