Motor Corp/ Toyota Buys 49,701,790 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock

Market Analysis by covering: Toyota Motor Corporation ADR, Joby Aviation. Read 's Market Analysis on Investing.com

Joby Aviation shares pop 20% as electric air taxi maker closes $250 million Toyota investment

Joby announced that it received the first $250 million of a $500 million investment from Toyota to support its air taxis.

Toyota Becomes Top Shareholder in Air Taxi Maker Joby

Toyota has invested $250 million in Joby Aviation, completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.

Motor Corp/ Toyota Buys 49,701,790 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) Director Motor Corp/ Toyota purchased 49,701,790 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $5.03 per share, for a total transaction of $250,000,003.70. Following the purchase, the director now directly owns 122,573,621 shares in the company, valued at $616,545,313.63. This represents a 68.20% increase in their position. Th…

JOBY : JOBY AVIATION, INC.

Track JOBY AVIATION, INC. (JOBY) price, historical values, financial information, price forecast, and insights to empower your investing journey

Joby Soars 25% After $250M Boost from Toyota - Wall Street Pit

Joby Aviation (JOBY) shares rose over 25% to $8.63 after receiving a $250 million investment from Toyota, part of a $500 million deal to support certification and production of electric air taxis, building on Toyota’s earlier $394 million investment in 2020. The partnership with Toyota enhances Joby’s eVTOL manufacturing and…