Why Joby Aviation Stock Soared 17.6% This Week

Shares of Joby Aviation (JOBY -8.22%) soared as much as 26.8% this week, according to data from S&P Global Market Intelligence. The air taxi start-up is currently up 17.6% this week as of 3:47 p.m. ET on Friday, May 30. This increase is due to an announced investment from Toyota Motor into the company for a combined manufacturing partnership. The stock shot up on the announcement but has since given back some of its gains.Here's more about why Joby Aviation stock was soaring this week.New investment from To ...