Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker's shares down nearly 5 per cent.California-based Joby said Kerrisdale has a"vested interest" in lowering its share price.
Kerrisdale warned of higher operating costs as the company's electric aircraft are likely to offer lower range and power than traditional helicopters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: