Why Did Joby Aviation Stock Fall Below $10?
The market is demanding execution, not just progress. Technology alone won't determine the winner in the air taxi business.
The market is demanding execution, not just progress. Technology alone won't determine the winner in the air taxi business.
The air-taxi trade has come undone this year, it seems. Shares of Joby Aviation (NYSE:JOBY | JOBY Price Prediction), Archer Aviation (NYSE:ACHR), and EHang Holdings (NASDAQ:EH) have all slid sharply this year, with drawdowns spanning 40% to over 60%.
Joby Aviation's stock has plummeted in 2026, but its prospects have never looked better.
The transaction involved 27,932 shares, valued at ~$210,000 based on the weighted-average execution price on July 13, 2026. The disposal accounted for 4% of the insider's direct equity holdings and was executed specifically to satisfy tax obligations arising from the settlement of restricted stock units (RSUs).
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) is developing commercial air taxis while its stock trades near a 52-week low.
Joby's stock is down nearly 60% from its 52-week high.
Joby's valuation is getting another big lift in Monday's trading.
The first half of the trading year typically operates on a dominant market narrative. Over the past six months, that narrative has favored massive artificial intelligence (AI) and compute infrastructure rallies.
Joby Aviation is the frontrunner in the nascent eVTOL industry. The company became the first to fly an eVTOL point-to-point in 2026, and it has solidified its partnership with Toyota.
Joby is getting closer to commercial service for its eVTOLs. Certification is only one piece of the puzzle.
Joby holds a 49% stake in the Joby Toyota Aero Manufacturing Preparation Company, and the Japanese automaker owns the remainder. The joint venture will hold the exclusive right to build Joby's S4 aircraft.
Archer Aviation leverages high-profile partnerships with United Airlines and Stellantis to scale its air taxi production. Joby Aviation benefits from early revenue via its Blade acquisition and deep manufacturing integration with Toyota.
Joby Aviation Inc (NYSE:JOBY) and Toyota Motor (NYSE:TM) have announced the initial phase of a strategic manufacturing alliance with the formation of a joint venture aimed at advancing air mobility and supporting the commercial production of electric vertical take-off and landing (eVTOL) aircraft. The partnership combines Joby's electric aviation technology with Toyota's manufacturing expertise, with both companies focusing initially on establishing production foundations and improving manufacturing efficiency, quality and cost control.
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) has been one of the most volatile names in the eVTOL space.
Joby Aviation Inc (NYSE:JOBY) is up 5.2% to trade at $9.08 before the bell, after a regulatory filing revealed the company and Toyota Motor (TM) have formed a new manufacturing venture to produce Joby's S4 Series electric vertical takeoff and landing (eVTOL) aircraft.
To build up commercial production capability , advance manufacturing excellence, and prepare for scale-up of electric air taxi production SANTA CRUZ, Calif. and TOYOTA CITY, Japan, June 30, 2026 /PRNewswire/ -- Joby Aviation, Inc. (NYSE: JOBY) and Toyota Motor Corporation today announced the initial phase of their strategic manufacturing alliance by establishing the Joint Venture to realize air mobility.
Rivian, BYD, and Joby Aviation are still promising EV plays.
If Joby can secure FAA type certification and scale its fleet, its air taxis could generate substantial revenue. Investors will need patience, as the bull case for Joby could take years -- even a decade or more -- to materialize.
ACHR and JOBY advance in the eVTOL race as both push toward commercial air taxi operations and urban air mobility networks.
Joby Aviation is widely considered a leader in the nascent eVTOL space. The market opportunity for Joby could be worth $9 trillion in 2050.