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Will Toyota announce an additional investment in Joby Aviation by June 30, 2025?
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Resolution / Starting Odds
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Toyota and Joby Aviation press releases and financial news outlets
Story
Toyota Invests Additional $500 Million in Joby Aviation, Totaling $894 Million; Joby Stock Rallies 22%
Oct 2, 2024, 12:52 PM
Toyota is investing an additional $500 million in Joby Aviation to support the certification and commercial production of electric air taxis. This brings Toyota's total investment in the California-based company to $894 million and establishes a manufacturing alliance. The investment aims to advance the two companies' shared vision of air mobility. Following the announcement, Joby Aviation's stock rallied 22%.
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