Joby Aviation Stock Up 28.8% on Wednesday's Trading: Here's Why

Shares of Joby Aviation, Inc. (JOBY) have performed exceedingly well on the bourse on May 28, 2025, closing the trading session at $8.86 per share, up 28.8% from the previous day's closing. The upside was owing to the announcement made by JOBY related to the successful closure of the first$ 250 million tranche of a previously announced strategic investment from Japan’s auto giant, Toyota Motor Corporation (TM) , for the certification and commercial production of Joby’s electric air taxi.The upside in Joby's ...