Joby Aviation Stock Hits 52-Week Low of $6.89 as Toyota Deal Terms Disclosed

According to StockAnalysis and company filings, Joby Aviation's stock closed at $7.66 on July 21, 2026—63% below its 52-week high of $20.95 and near the 52-week low of $6.89. The decline followed disclosure that Toyota holds 51% of the manufacturing joint venture formed June 29, 2026, with the bulk of Toyota's capital conditional on FAA certification and design milestones rather than paid upfront.

Joby completed FAA Stage 4 of type certification in late March 2026, with Stage 5—issuance of the Type Certificate itself—estimated for late 2026. Against quarterly free cash flow of approximately -$222 million, the company carries roughly $2.47 billion in liquidity as of Q1 2026, implying approximately 11 quarters of runway. All published analyst targets exceed the current market price, with HC Wainwright at $13.00 and Cantor Fitzgerald at $9.00.