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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.
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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 ...
After the recent surge, Joby Aviation stock has a market cap of $6.57 billion. It generates zero revenue. While the new air taxi product is potentially disruptive, investors should be cautious about ...
Toyota Motor Corp. has invested $250 million in Joby Aviation Inc., completing the first half of a previously announced $500 ...
Joby and Archer are diverging, with Joby leading in certification, autonomy, and manufacturing while Archer lags. Read more ...
Keeping pace with the leading eVTOL aircraft developers Vertical Aerospace and Joby Aviation is never easy. Here's where they ...
Companies agree to expand their collaboration as Toyota completes the first half of its $500 million investment.
We recently published a list of These 10 Stocks Lost This Much Today. In this article, we are going to take a look at where ...
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