Joby Aviation (JOBY) Surges Over 24% After Toyota Investment

Joby Aviation (JOBY, Financial) saw a significant rise, with shares increasing over 24% to $5.99. 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 ...