NewsMV
Joby Aviation shares are trading approximately 67% below their 52-week high after losing more than half their value year to date.
The NYSE-listed company has advanced significantly in its electric vertical takeoff and landing aircraft program, yet the stock remains depressed due to ongoing cash burn and the absence of commercial regulatory approval.
The company has demonstrated tangible progress in 2026, conducting flight demonstrations in New York and Texas.
Joby also updated its manufacturing alliance with Toyota and agreed to acquire defense technology firm Resonant Sciences for approximately $500 million.
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