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Should you buy Joby Aviation stock
Why Joby Aviation Stock Is Flying High Today
Toyota, an existing Joby partner, apparently likes the progress Joby is making. The automaker has agreed to invest an additional $500 million through the purchase of two equal tranches of Joby stock, with the first expected to close later this year and the second in 2025.
Joby Aviation’s stock rallies on heels of Toyota’s $500 million investment
Joby Aviation Inc.’s stock was up nearly 11% on Wednesday after the electric-air-taxi company said Toyota Motor Corp. agreed to invest $500 million behind the commercial launch of its business. The money will help pay for the certification and production of Joby Aviation’s electric air taxi under its Chief Executive and founder JoeBen Bevirt.
Toyota makes another $500M investment in Joby Aviation
Shares of Joby Aviation (NYSE:JOBY) were launched more than 20% higher in Wednesday’s premarket trading thanks to another $500M investment by Japanese carmaker Toyota Motor Corp (NYSE:TM). The investment will enable Joby (JOBY) to expand its commercialization of an electric air taxi and bring Toyota’s (TM) total investment in Joby (JOBY) to $894M.
7h
on MSN
Toyota pours another $500M into electric air taxi startup Joby Aviation
Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that's developing ...
Flying
15m
Electric Air Taxi Firm Joby Announces $500M Investment From Toyota
As part of the investment, Toyota plans to support Joby with commercial manufacturing and certification support.
57m
Buy Rating Justified for Joby Aviation Amidst Strategic Partnerships and Strong Investor Confidence
Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Joby Aviation (JOBY – Research Report), retaining the price target of ...
Flightglobal
4h
Toyota plans $500m of investments to boost certification of Joby’s aircraft
Toyota Motor Corporation is planning to invest in two phases a total of $500 million into Joby Aviation as the start-up ...
DriveSpark
1h
Toyota Motor Corporation Announces $500 Million Investment In Joby Aviation's Electric Air Taxi Development
Toyota Motor Corporation announces a $500 million investment in Joby Aviation to support electric air taxi production and ...
2h
on MSN
These Stocks Are Moving the Most Today: Humana, Nike, Tesla, Conagra, Joby Aviation, Caesars, and More
Humana stock sinks on Medicare Advantage troubles, Nike withdraws fiscal 2025 guidance as it changes chief executives, and ...
The Brighterside of News on MSN
2d
Meet Joby: The 200 mph electric aircraft that will redefine commuting
Joby Aviation, a California-based startup, is developing an all-electric air taxi that could soon be seen above cities ...
2d
Beta Technologies unveils first passenger carrying electric aircraft
Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA ...
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