Joby Aviation, Toyota launch joint venture for eVTOL manufacturing
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Joby Aviation ( (JOBY) ) has issued an update.
On June 29, 2026, Joby Aero, a subsidiary of Joby Aviation, and Toyota Motor Corporation formed a Delaware joint venture, Joby Toyota Aero Manufacturing Preparation Company, to manufacture Joby’s S4 Series eVTOL aircraft, with Toyota owning 51% and Joby 49%. Governance is shared via a five-member board dominated by Toyota, while key strategic actions require consent from both parties under specified ownership thresholds.
The partners committed to negotiate an exclusive manufacturing supply agreement granting JTAMPC primary rights to build the S4 Series and setting detailed intellectual property-sharing arrangements between Joby, Toyota and the joint venture. The deal hinges on funding milestones, mandatory capital contributions and possible regulatory approvals, and includes extensive termination rights tied to FAA certifications, performance metrics, future agreements and Toyota’s additional $250 million investment tranche under a prior stock purchase agreement.
The most recent analyst rating on (JOBY) stock is a Sell
with a $9.00 price target.
To see the full list of analyst forecasts on Joby Aviation stock,
see the JOBY Stock Forecast page.
Spark’s Take on JOBY Stock
According to Spark, TipRanks’ AI Analyst, JOBY is a Neutral.
The score is held back primarily by very large ongoing losses and substantial cash burn despite improving revenue. It is supported by a relatively strong balance sheet/liquidity and positive earnings-call progress on certification and manufacturing readiness, with technical indicators also showing constructive momentum. Valuation remains difficult to support given the negative earnings and lack of dividend yield.
To see Spark’s full report on JOBY stock,
click here.
More about Joby Aviation
Joby Aviation is an aerospace company developing electric vertical take-off and landing (eVTOL) aircraft, focusing on its S4 Series for urban air mobility and related commercial aviation services. The company partners with major industrial players to scale manufacturing and position itself within the emerging advanced air mobility market.
Average Trading Volume: 31,836,150
Technical Sentiment Signal: Sell
Current Market Cap: $8.69B
Find detailed analytics on JOBY stock on TipRanks’ Stock Analysis page.
