"muln yahoo finance" data points to institutional ownership under 10%, underscoring the dominance of retail traders in price action. This composition increases volatility during intraday breaks and rumor-driven rallies. Joby Aviation doesn’t plan on selling its eVTOL craft to third parties but use them itself to run an air taxi company. It wants to be the “Uber of the Sky.” A vertically integrated business carries its own set of risks. It’s as if Uber Technologies (NYSE: UBER ) was also manufacturing its own rideshare cars. It’s a more complicated business model and involves greater expense. Joby may find picking a lane and sticking to it is the best option. Be a manufacturer or a robotaxi company, but not both. At the Company’s Annual Meeting of Stockholders held on March 13, 2025, the Company’s stockholders approved a proposal to authorize a reverse stock split of the Company’s Common Stock, at a ratio within the range of 1-for-2 to 1-for-100. The Company’s board of directors approved a 1-for-100 reverse split ratio, and the Company will file a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective April 11, 2025. The "muln yahoo finance" feed notes upcoming shareholder votes on equity issuance, a catalyst that can drastically reshape capital structure and influence both short- and medium-term chart patterns.