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Joby Aviation (JOBY) Surges Over 24% After Toyota Investment
JOBYJoby Aviation(JOBY) Gurufocus·2024-10-02 15:51

Joby Aviation (JOBY, Financial) saw a significant rise, with shares increasing over 24% to 5.99.Toyota(TM)announcedanadditionalinvestmentof5.99. Toyota (TM) announced an additional investment of 500 million into Joby Aviation, aimed at supporting the certification and commercial production of its electric air taxis. This new investment brings Toyota's total investment in Joby Aviation to $894 million. Joby Aviation, headquartered in California, focuses on developing and manufacturing electric vertical takeoff and landing (eVTOL) aircraft. The company a ...