Investors are souring on flying car stocks as their commercialization phase approaches.

Archer Aviation (NYSE:ACHR) stock has tumbled to $4.87, down 66% from its 2025 peak.

Similarly, Joby Aviation (NYSE:JOBY) has fallen to $8.83 from its peak of $20 last year.

Archer Aviation and Joby Aviation stocks have sunk | Source: TradingView Both are now trading at their lowest levels in months, a move that has benefited short sellers.

Benzinga data shows that ACHR stock has short interest of 123.3 million shares, equivalent to 18.6% of those outstanding.