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Joby Aviation rallies after the Toyota investment pushes it closer to a strategic manufacturing alliance
Joby Aviation (NYSE:JOBY) soared in early trading on Wednesday after the eVTOL company announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation (TM).
Joby Aviation Goes Airborne With $250 Million Toyota Investment
It is the first milestone payment installment of a planned $500 million total, and makes the carmaker the largest shareholder in the electrical vertical takeoff and landing aircraft manufacturer. Toyota now owns 15.3% of JOBY stock, more than that of Joby CEO JoeBen Bevirt.
Toyota Becomes Top Shareholder in Air Taxi Maker Joby
Toyota Motor Corp. has invested $250 million in Joby Aviation Inc., completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNY Wins Order Against US Funding Freeze in Congestion FightThe investment,
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Joby Aviation Up 28% But Here Is Where the Stock Could Go NextShares of Joby Aviation (NYSE: JOBY) are up more than 28%, or $1.83 on the day. Volume even spiked to 71.7 million shares, as ...
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Joby Aviation Stock Up 28.8% on Wednesday's Trading: Here's WhyShares of Joby Aviation, Inc. (JOBY) have performed exceedingly well on the bourse on May 28, 2025, closing the trading ...
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Joby Aviation Jumps on Huge Toyota Boost. How Should You Play the Flying Car Stock Here?Joby Aviation (JOBY) shares rallied nearly 30% on Wednesday after the eVTOL company said it has received a $250 million ...
Keeping pace with the leading eVTOL aircraft developers Vertical Aerospace and Joby Aviation is never easy. Here's where they ...
Joby Aviation, Inc. soars 20% after $250M Toyota investment, boosting finances and manufacturing. Click for more on JOBY ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
JPMorgan says eVTOL market could reach $1T, but near-term turbulence for Joby and Archer. Toyota invests $250M in Joby for ...
Stocks traded lower on Wednesday as investors awaited quarterly earnings from chip maker Nvidia, Treasury yields rose, and ...
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