Joby Aviation Stock Soars Following Toyota Investment, Exceeding $8 Billion Market Cap

Joby Aviation stock experienced a significant surge of nearly 30% after Toyota’s recent $250 million investment in the company. This deal marks a major milestone for Joby, positioning them as a key player in urban air mobility and pushing their market cap beyond $8 billion. The investment is a crucial step towards achieving eVTOL certification and scaling production to meet commercial demands.