A contested federal jury verdict against Joby Aviation (NYSE:JOBY | JOBY Price Prediction) is adding fresh pressure to an air taxi group that was already struggling for altitude, and the selling extends to names with no role in the case.
Shares of Joby Aviation (NYSE:JOBY | JOBY Price Prediction) are down 2% to $6.18 in midday Tuesday trading, extending a slide that leaves Joby stock down 53% year to date (YTD).
The electric vertical take-off and landing (eVTOL) sector has long promised a futuristic utopia of flying taxis. For several years, the industry delivered little more than heavily funded vaporware.
EHang Holdings Limited remains a 'Hold,' following my evaluation of its 2Q26 results and forward-looking prospects. Q2 2026 revenue fell 31% YoY, missing estimates by 41%; and its net loss widened as well. Management withdrew FY26 guidance, as regulatory headwinds cloud its domestic eVTOL growth outlook.
EHang NASDAQ: EH reported second-quarter revenue of RMB 77.9 million, down from RMB 113.3 million a year earlier but up 203% from RMB 25.7 million in the first quarter, as higher EH216-series sales volume and an additional VT-35 aircraft contribution supported sequential growth.
Good news is landing across the electric air-taxi group today, but the major eVTOL names are falling anyway.
Joby Aviation (NYSE:JOBY | JOBY Price Prediction) stock is rallying Thursday, with shares up 9% to $8.47 by midday after the electric air taxi maker raised its full-year 2026 revenue outlook alongside Joby's Q2 FY2026 report released after Wednesday's close.
ACHR and EH strengthen their eVTOL ambitions as both work toward scalable urban air mobility and commercial flight operations.
The air-taxi trade has come undone this year, it seems. Shares of Joby Aviation (NYSE:JOBY | JOBY Price Prediction), Archer Aviation (NYSE:ACHR), and EHang Holdings (NASDAQ:EH) have all slid sharply this year, with drawdowns spanning 40% to over 60%.
Air taxi stocks are in the clouds at midday Monday, led by EHang (NASDAQ:EH) stock, which is up 18% to around $7.84.
EHang's investment thesis centers on a focused, actionable opportunity with clear catalysts. Key drivers, valuation, and risk factors are evaluated to support the recommendation. The article emphasizes EH's forward-looking strategic positioning and potential portfolio impact.
EHang Holdings Limited (EH) Q1 2026 Earnings Call Transcript