Joby Aviation Inc (NYSE:JOBY) shares are volatile Friday, erasing earlier gains that were fueled by an operational milestone. Here’s what investors need to know.
What To Know: The stock initially surged after the company announced it had successfully completed its first piloted electric vertical takeoff and landing air taxi flight between two public airports, a critical step toward commercialization.
The flight, which took place between Marina and Monterey airports, demonstrated some key capabilities including vertical takeoff, transition to wingborne flight and integration with existing air traffic control protocols.
