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Benzinga
Benzinga
Business
Surbhi Jain

Joby Gets Toyota's $500M Dollar Lift: eVTOL Pioneer Making New Highs

Joby Toyota Joby Aviation FAA

Joby Aviation Inc (NYSE:JOBY) is soaring to new heights—literally and figuratively. The stock is making new 52-week highs on Monday, fueled by news of half a billion-dollar investment from Toyota Motor Corp (NYSE:TM).

Joby stock was up by over 10% by 10:30 AM ET on Monday.

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