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Joby Aviation, Inc. - $JOBY STOCK NEWS

Welcome to our dedicated page for Joby Aviation news (Ticker: $JOBY), a resource for investors and traders seeking the latest updates and insights on Joby Aviation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Joby Aviation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Joby Aviation's position in the market.

Rhea-AI Summary

Joby Aviation, Inc. (NYSE: JOBY) has completed its pre-production flight test program and is advancing to the next phase of flight testing, focusing on the preparation for upcoming for-credit flight testing. The program included over 1,500 flights covering more than 33,000 miles in four years, with successful demonstrations of maximum range, speed, and acoustic performance. Joby's aircraft design showcased revolutionary quietness, high speeds, and high altitudes, setting new standards for electric air taxis.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
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Rhea-AI Summary

Joby Aviation, Inc. (NYSE: JOBY) expands its manufacturing facility in California, doubling its footprint at Marina Municipal Airport. A second production prototype aircraft has been rolled off the production line. The expansion, funded in part by a $9.8 million California Competes grant, aims to support a production rate of 25 aircraft per year. The new facility will also house pilot training, flight simulation center, and aircraft maintenance facilities.

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-2.7%
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Rhea-AI Summary
Joby Aviation partners with Abu Dhabi government departments to establish an electric air taxi ecosystem, with a focus on developing air taxi services, infrastructure, and manufacturing presence in the UAE. The agreement aims to support Joby's expansion into Abu Dhabi and beyond, including potential inter-emirate air taxi services.
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Rhea-AI Sentiment
End-of-Day
4.51%
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partnership
Rhea-AI Summary
Joby Aviation, Inc. (NYSE:JOBY) is set to announce its first quarter 2024 financial results on May 7, 2024, after market close. The company, known for developing all-electric aircraft for commercial passenger service, will host a webcast at 5:00 pm ET on the same day, which will be publicly available on their website. Investors and stakeholders can access the webcast or listen by phone for updates on the company's financial performance.
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0.21%
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conferences earnings
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Rhea-AI Summary
Joby Aviation, Inc. (JOBY) to deliver two electric air taxis to MacDill Air Force Base as part of a $131M contract with the U.S. Air Force for test and training purposes. The company's partnership with the DoD aims to explore various military use cases for its aircraft, highlighting the potential of eVTOL technology in logistics, transport, and security operations.
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Rhea-AI Sentiment
End-of-Day
-1.76%
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partnership
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Rhea-AI Summary
Joby Aviation, Inc. (JOBY) acquires a facility at Dayton International Airport to support initial manufacturing operations for electric air taxis in Ohio. The company plans to build up to 500 aircraft per year in Dayton, creating high-quality manufacturing jobs and investing up to $500 million in the region.
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-4.1%
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Rhea-AI Summary
Joby Aviation, Inc. (JOBY) releases its Fourth Quarter and Full Year 2023 Shareholder Letter, highlighting operational milestones, financial results, and future outlook. The company completed the first-ever flight of an electric air taxi in New York City, achieved certification milestones, and secured exclusive rights in Dubai. Joby ended Q4 2023 with $1.0 billion in cash and short-term investments. The 2024 outlook includes advancing aircraft certification, expanding commercialization efforts, and increasing engagement with the Department of Defense.
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Rhea-AI Sentiment
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-10.05%
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Rhea-AI Summary
Joby Aviation, Inc. (JOBY) has achieved a significant milestone by completing the third stage of the FAA type certification process for its electric vertical take-off and landing (eVTOL) aircraft. Joby is the first eVTOL company to reach this stage, showcasing its commitment to commercializing electric air taxis. The company's certification plans have been accepted by the FAA, paving the way for extensive testing and analysis. Joby's focus now shifts to the fourth stage of certification, emphasizing the thorough testing of every component and system of its aircraft. With recent achievements like receiving the Part 145 Repair Station Certificate, Joby is making strides towards bringing its electric air taxi service to the market. The aircraft's capabilities, including carrying a pilot and four passengers at speeds of up to 200 mph, highlight its potential for high-speed mobility with minimal noise and zero emissions.
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Rhea-AI Sentiment
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-2.25%
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News
Rhea-AI Summary
Joby Aviation signs a definitive agreement with the government of Dubai to operate air taxis in the Emirate by early 2026. The agreement grants Joby exclusive rights for six years, positioning Dubai as a leader in clean and quiet air travel. Joby also partners with Skyports to build vertiports in Dubai, with initial operations expected by 2025.
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Rhea-AI Summary
Joby Aviation, Inc. announces FAA acceptance of propulsion certification plan, a crucial step towards type certification for its electric air taxis. The certification plan includes Joby's propulsion system, propeller system, variable pitch actuation, coolant pump, nacelles, and associated electrical wiring. Joby is progressing towards certifying its aircraft for commercial passenger operations, with a focus on detailed testing and analysis. The company aims to lead the industry in certifying an electric air taxi with the FAA.
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Rhea-AI Sentiment
End-of-Day
2.6%
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Joby Aviation, Inc.

NYSE:JOBY

JOBY Rankings

JOBY Stock Data

3.80B
400.67M
36.9%
41.59%
10.94%
Aircraft Manufacturing
Manufacturing
Link
United States of America
SANTA CRUZ

About JOBY

joby aviation is a privately-held company headquartered in santa cruz, california. in 2009, leveraging the control systems and electric propulsion systems developed at joby energy, joby aviation was founded to revolutionize how we commute. joby aviation's strengths in composite airframe design and fabrication, high-fidelity aerodynamic analysis, and through the sister company joby motors, high-performance electric motor design and fabrication, place it in a unique position to create a new generation of electric personal aircraft.