Latest news with #JobyAviation
Yahoo
21 hours ago
- Business
- Yahoo
Why Joby Aviation, Inc. (JOBY) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Joby Aviation, Inc. (NYSE:JOBY) stands against other best-performing stocks. Joby Aviation soared by 28.78 percent to close at $8.86 apiece as investors gobbled up shares following news that it closed a $250-million investment from giant carmaker Toyota Motor Corporation. According to Joby Aviation, Inc. (NYSE:JOBY), the amount represents the first tranche of the $500-million investment, aimed at supporting certification and commercial production of Joby's electric air taxi. A futuristic electric vertical takeoff and landing aircraft soaring through the sky. 'With this capital and Toyota's legendary production expertise, we're enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers,' said Joby Aviation, Inc. (NYSE:JOBY) founder and CEO JoeBen Bevirt. For his part, Toyota North America CEO Tetsuo Ogawa said that the investment reflects the two companies' dream 'of mobility for all and our commitment to achieving a future of air mobility.' Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi, which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Overall, JOBY ranks 1st on our list of best-performing stocks. While we acknowledge the potential of JOBY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
a day ago
- Automotive
- Yahoo
Joby Aviation, Inc. (JOBY) Soars Almost 29% After Securing $250 Million Investment from Toyota
Joby Aviation, Inc. (NYSE:JOBY) stock surged significantly on Wednesday after the electric air taxi developer announced it had received a $250 million investment from Toyota. This funding is part of a previously disclosed $500 million commitment from the automaker, aimed at helping Joby Aviation, Inc. (NYSE:JOBY) move closer to certification and large-scale production of its electric air taxis. Toyota initially revealed the investment plan in October. Joby specializes in electric vertical takeoff and landing aircraft, or eVTOLs, which operate similarly to helicopters. The technology is designed to help ease urban traffic and lower emissions. The new funding adds to Toyota's earlier $394 million investment in Joby during a Series C funding round in 2020. Toyota North America CEO Tetsuo Ogawa joined Joby's board in July 2023, and the company has had a Toyota representative on its board since 2020. CEO and founder of Joby Aviation, Inc. (NYSE:JOBY), JoeBen Bevirt, made the following comment in the release: 'We're already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design. This is an important next step in our alliance with Toyota to scale the promise of electric flight.' Joby Aviation, Inc. (NYSE:JOBY) closed nearly 29% higher on May 28. While we acknowledge the potential of JOBY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. Sign in to access your portfolio
Globe and Mail
2 days ago
- Business
- Globe and Mail
Massive News: Joby Aviation Gets $250 Million Boost From Toyota
Joby Aviation (NYSE: JOBY) has raised another $250 million from Toyota (NYSE: TM), which gives the company further runway and an important strategic partner to grow with. Investors responded positively, and that's great for the future of the company, as Travis Hoium highlights in this video. *Stock prices used were end-of-day prices of May 28, 2025. The video was published on May 29, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Should you invest $1,000 in Joby Aviation right now? Before you buy stock in Joby Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Joby Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. *Stock Advisor returns as of May 19, 2025 Travis Hoium has positions in Joby Aviation. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Yahoo
3 days ago
- Business
- Yahoo
Joby Aviation, Inc. (JOBY) Soars Almost 29% After Securing $250 Million Investment from Toyota
Joby Aviation, Inc. (NYSE:JOBY) stock surged significantly on Wednesday after the electric air taxi developer announced it had received a $250 million investment from Toyota. This funding is part of a previously disclosed $500 million commitment from the automaker, aimed at helping Joby Aviation, Inc. (NYSE:JOBY) move closer to certification and large-scale production of its electric air taxis. Toyota initially revealed the investment plan in October. Joby specializes in electric vertical takeoff and landing aircraft, or eVTOLs, which operate similarly to helicopters. The technology is designed to help ease urban traffic and lower emissions. The new funding adds to Toyota's earlier $394 million investment in Joby during a Series C funding round in 2020. Toyota North America CEO Tetsuo Ogawa joined Joby's board in July 2023, and the company has had a Toyota representative on its board since 2020. CEO and founder of Joby Aviation, Inc. (NYSE:JOBY), JoeBen Bevirt, made the following comment in the release: 'We're already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design. This is an important next step in our alliance with Toyota to scale the promise of electric flight.' Joby Aviation, Inc. (NYSE:JOBY) closed nearly 29% higher on May 28. While we acknowledge the potential of JOBY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JOBY and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None.
Entrepreneur
3 days ago
- Business
- Entrepreneur
Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock
This story originally appeared on MarketBeat [content-module:CompanyOverview|NYSE:JOBY] Joby Aviation (NYSE: JOBY) saw its stock price climb sharply on May 28, 2025. This surge followed a major announcement that has clearly excited investors about the electric air taxi developer's future. The company confirmed it has received the first $250 million part of a larger investment from automotive leader Toyota Motor Corporation (NYSE: TM). This significant funding immediately boosted market confidence, and Joby's shares jumped over 27% to trade around $8.78 during the day. Trading volume was also exceptionally high, with about 67.41 million shares changing hands, far above its average of roughly 12.31 million. The enthusiastic market response underscores the significance of the strengthened partnership with Toyota in Joby's plan to launch its innovative eVTOL (electric vertical takeoff and landing) aircraft. Why Toyota's $250M is a Game-Changer for Joby This $250 million capital injection puts cash in the bank for Joby Aviation, marking a crucial deepening of its strategic partnership with Toyota. This payment marks the first installment of a previously announced $500 million total investment from the automotive giant, underscoring its ongoing and strong support. The money is specifically aimed at two vital areas for Joby: completing the Federal Aviation Administration (FAA) certification for its aircraft and preparing for large-scale commercial production. Both steps are expensive and essential for Joby to start its air taxi service. A Partner's Conviction: Toyota Now Joby's Leading Shareholder [content-module:Forecast|NYSE:JOBY] Beyond providing capital, Toyota has also significantly increased its ownership stake in Joby Aviation as part of this $250 million investment. A director representing Toyota Motor Corporation purchased approximately 49.7 million shares of Joby Aviation stock. These shares were bought at an average price of $5.03 each. This large purchase solidifies Toyota as Joby Aviation's top shareholder. After this transaction, Toyota's total holding in Joby increased by 68.20%, now totaling 122.57 million shares. Toyota's increased investment, ownership, and significant industry expertise and board representation strongly signal market confidence in Joby and its future. Investors can also view this as a powerful insider endorsement. It suggests Toyota strongly believes in Joby's technology, management team, and long-term potential for success. This level of commitment from a global manufacturing leader like Toyota directly strengthens the investment case for Joby, providing a degree of validation that exceeds typical market speculation. Volume and Options Activity Underscore Enthusiasm [content-module:TradingView|NYSE:JOBY] The market's reaction to Toyota's investment was strong and clear. Besides the immediate stock price jump to around $8.78, trading volume was exceptionally high. Over 70 million shares were traded by midday on the day of the announcement, nearly six times Joby's recent average volume. This high volume shows that many investors were actively engaging with the stock following the news. Further highlighting bullish sentiment, there was unusual activity in the options market. The volume of call options increased by approximately 638% compared to normal levels. This suggests that some traders are making speculative bets on Joby's increasing stock price. It is also important to note that after this surge, the company's stock price moved above the average analyst price target of $8.67 that was in place before this Toyota funding news. Analysts often review their financial models and issue updated price targets when a company announces such a significant positive development. This reassessment often leads to the issuance of revised price targets that reflect the potential impact of the new information on the company's future performance and prospects. The Toyota funding news represents a material event that is likely to prompt a widespread review and potential upward adjustment of analyst expectations for Joby Aviation. What Toyota's Backing Means for Joby's Future Toyota's $250 million investment tranche marks a significant milestone for Joby Aviation, providing crucial capital and strengthening a strategic alliance with a manufacturing leader. This partnership is essential for Joby's efforts to scale the production of its electric air taxis. This development significantly reduces the risks associated withalization plans for investor Joby's commercis, as reflected in the positive stock market response. Bolstered by this financial support and a closer manufacturing relationship with Toyota, Joby Aviation is in a stronger position to execute its commercialization strategy and pursue a leading role in the developing urban air mobility sector. Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now... See The Five Stocks Here
