On June 30, Joby Aviation rose 5.56% in pre-market trading, trading at $9.09/share, with turnover of $2.15 million.

On the news front, Joby Aviation and Toyota Motor announced the formation of a joint venture to produce S4 series electric vertical takeoff and landing aircraft, alongside an exclusive production supply agreement. According to SEC filings, upon completion of initial capital contributions, Joby will hold 49% equity in the joint entity while Toyota will hold 51% controlling interest, establishing Toyota as the dominant partner in the venture.

The announcement represents a significant positive catalyst for the stock, which had been under sustained pressure from multiple headwinds including a downward revision to revenue guidance and the upcoming departure of President Didier Papadapoulos effective July 3. The prior trading session on June 29 saw Joby decline 5.55% to $8.34, significantly underperforming the broader airline sector. The Toyota partnership signals strengthened manufacturing capabilities and financial backing as the company advances toward commercialization of its air taxi service.

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