Joby Aviation (JOBY) Stock

Joby Aviation's shares (JOBY 18.17%) rose significantly today, likely due to a mix of excitement from meme stock trends and news that the Biden administration plans to limit competition from Chinese drones.

Joby Aviation's stock is experiencing significant growth in trading on Friday. As of 2 p.m., the price of the flying electric vehicle company's shares has risen by 18%.

Joby Aviation Inc. (NYSE: JOBY), a leader in electric vertical takeoff and landing (eVTOL) aircraft, has had an impressive finish to the year. The stock has risen by 66% this quarter, resulting in a total increase of 26% for the year as of Monday's closing.

Picture a world where your daily travel happens in the air, effortlessly avoiding traffic jams and street-level disorder. Electric vertical takeoff and landing (eVTOL) aircraft are about to change how we move around cities, combining the flexibility of helicopters with the eco-friendliness of electric energy.

Joby Aviation (JOBY 6.36%), which creates electric vertical takeoff and landing (eVTOL) aircraft, has not gained much interest from investors since it became a public company. It went public by merging with a special purpose acquisition company (SPAC) on August 10, 2021, and the stock of the new company started at $10.62.

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company working on electric air taxis for passenger transport, has announced that it is now in the last stage of certification for its electric air taxi. They recently completed their first FAA tests under Type Inspection Authorization (“TIA”). This testing included FAA pilots assessing flight safety aspects using a Joby simulator with an FAA-approved flight deck.

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company working on electric air taxis for commercial use, has announced that it has finished important aerostructure tests needed for certification from the Federal Aviation Administration (FAA). They have successfully conducted static load testing on the tail structure, which is the first time the company has tested a significant part of its aircraft with FAA representatives present.

Joby Aviation's stock fell during the last week of trading. The share price of the electric flying vehicle company dropped by 12% compared to the market close the previous Friday, based on information from S&P Global Market Intelligence.

Joby Aviation, Inc. (NYSE: JOBY) is a leader in the electric vertical takeoff and landing (eVTOL) aircraft industry. Recently, the company's stock price fell by about 10% within a span of five days.