Joby Stock Is Taking Off Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
Joby Aviation Inc (NYSE:JOBY) shares are trading higher after the company announced it received a permit to fly its first production aircraft. The company also appointed Tetsuo Ogawa, president and CEO of Toyota Motor North America, to its board. Toyota has invested $400 million in Joby over the last three years. Joby plans to begin commercial passenger operations in 2025.
June 28, 2023 | 1:06 pm
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Joby Aviation's stock is trading higher after the company received a permit to fly its first production aircraft and appointed Toyota's CEO to its board.
The news of Joby Aviation receiving a permit to fly its first production aircraft is a significant milestone for the company, which is likely to boost investor confidence and drive the stock price up. The appointment of Toyota's CEO to its board also signals a strong partnership, which could further enhance the company's credibility and attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100