Joby Aviation Inc. Soars Following Toyota’s $250 Million Investment

Joby Aviation Inc., an aircraft manufacturing company based in Santa Cruz, United States, experienced a significant surge in its stock price following a substantial investment from Toyota. The company, which specializes in developing all-electric vertical take-off and landing (eVTOL) aircraft, announced on May 27, 2025, that it had secured a $250 million investment from Toyota. This investment has positioned Toyota as Joby’s largest outside shareholder.

Stock Performance and Market Reaction

The news of Toyota’s investment led to a remarkable increase in Joby Aviation’s stock price. On May 28, 2025, Joby’s stock jumped by approximately 29.2%, trading as high as $8.82 and closing at $8.89. This surge was further fueled by unusually large options trading, with investors acquiring 58,788 call options, marking a 638% increase compared to the typical volume.

In pre-market trading on May 28, Joby Aviation’s stock was up 9.4%, contributing to the overall positive sentiment in the market. The company’s performance was highlighted alongside Vail Resorts Inc., which saw an 11.6% increase in pre-market trading.

Market Context and Analyst Expectations

The broader market context saw the S&P 500 futures up in pre-market trading, although the Dow Jones Industrial experienced a slight decline as investors awaited Nvidia’s quarterly earnings report. Despite this, Joby Aviation’s stock performance stood out, driven by the confidence stemming from Toyota’s investment.

Analysts have expressed optimism about Joby Aviation’s future, particularly in light of the financial backing from Toyota. The investment is expected to support the company’s efforts in achieving eVTOL certification and advancing its air taxi service.

Financial Overview

As of May 22, 2025, Joby Aviation’s close price was $6.63, with a 52-week high of $10.72 and a low of $4.66. The company’s market capitalization stands at $5.26 billion. Despite a negative price-to-earnings ratio of -8.01, the recent investment and stock performance indicate a positive outlook for the company’s growth and development in the eVTOL sector.

In summary, Joby Aviation Inc. has experienced a significant boost in its stock price and market confidence following Toyota’s $250 million investment. This development is expected to play a crucial role in the company’s future endeavors in the eVTOL industry.