Joby Aviation Sinks Despite Toyota Cash Infusion

By Investor's Business Daily | Oct 3, 2024 at 02:45 PM EST

Joby Aviation's stock fell by 9% after Toyota's $500 million investment, bringing Toyota's total stake to over $890 million. The investment will aid in commercial production of Joby's electric air taxi, with Deutsche Bank analyst predicting the need for more funding in the future.

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