On July 6, Joby Aviation rose 5.12% in regular trading, trading at $9.11/share, with turnover of $41.05 million. The stock rebounded from a prior session decline triggered by the departure of its president.

On the news front, an SEC filing formally confirmed that Joby Aviation's subsidiary and Toyota Motor have established a joint venture named JTAMPC, dedicated to mass production of the S4 series electric vertical takeoff and landing (eVTOL) aircraft. Under the equity structure, Toyota holds 51% and appoints three board directors, while Joby holds 49% and appoints two directors. Toyota will grant the joint venture a royalty-free license for jointly developed manufacturing intellectual property, and Joby will grant exclusive S4 production qualifications to the entity.

The formal regulatory filing landing marks a concrete step toward commercialization and large-scale manufacturing, reinforcing investor confidence following recent headwinds including the company president's departure on July 3 and earlier revenue guidance downgrades. Joby had previously acquired a 700,000-square-foot Dayton facility to support a target of producing four aircraft per month by 2027.

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