Joby Aviation Trading Volume Drops 31.47% Despite 5-Day Winning Streak and $106.2 Million in Transactions

On July 18, 2025, Joby Aviation (JOBY) saw a trading volume of $106.2 million, marking a 31.47% decrease from the previous day. The stock price rose by 0.34%, extending its winning streak to five consecutive days, with a cumulative gain of 47.67% over the past five days.

Joby Aviation has significantly expanded its manufacturing capacity in California and Ohio, with the total site now spanning approximately 435,500 square feet. This expansion is aimed at supporting the scale-up of commercial operations and doubling the production capacity in Marina, California, to up to 24 eVTOLs per year. The company's strategic move includes the addition of new aircraft to its fleet and the expansion of its flight test program, positioning it for commercial success in the electric air taxi market.

Joby Aviation's expansion efforts are backed by substantial investments, including $19.8 million in grants and support from heavyweight partners such as Toyota, Uber Technologies, and Delta Air Lines. Toyota's investment, totaling about $890 million, includes a recent $250 million infusion aimed at supporting the certification and commercial production of Joby's electric air taxi. This backing is crucial for Joby's growth plans as it prepares to scale up production and enter the market.