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.
Toyota investing additional $500 million in Joby Aviation
On Wednesday, Toyota Motor Corporation and Joby Aviation, Inc. announced that Toyota will invest an additional $500 million in Joby. This money will be used to "support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility," said a media release.
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Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that's developing ...
The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the ...
Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi ...
As part of the investment, Toyota plans to support Joby with commercial manufacturing and certification support.
Toyota Motor Corporation is planning to invest in two phases a total of $500 million into Joby Aviation as the start-up ...
Japanese automaker Toyota has agreed to invest an additional $500 million in Joby Aviation, with the funding to support ...
Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi ...
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Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Joby Aviation (JOBY – Research Report), retaining the price target of ...
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