JOBY Stock Alert: Joby Aviation Moves Into Next Test Flight Phase


  • Joby Aviation (JOBY) stock is in the news after completing a test flight phase.
  • This has the eVTOL company preparing for its next phase of test flights.
  • These are parts of its progress toward launching an air taxi service.
JOBY Stock - JOBY Stock Alert: Joby Aviation Moves Into Next Test Flight Phase

Source: T. Schneider /

Joby Aviation (NYSE:JOBY) stock is in the news Friday after the electric vertical takeoff and landing (eVTOL) company announced it’s moving to the next phase of test flights.

According to a press release from Joby Aviation, the company has completed its pre-production flight test program. That means it’s ready to move onto the production prototype aircraft phase.

This will allow the company to use the production prototype aircraft in test flights and earn tax credits. This moves the company further along in its plans to offer commercial air taxi services.

JoeBen Bevirt, founder and CEO of Joby Aviation, said the following about the test flight news:

“Learnings from the flight test program have been invaluable to our certification program and to the broader development of regulatory frameworks around electric VTOL aircraft, validating the performance, safety, and acoustics of our design while providing insight into daily operations and maintenance.”

JOBY Stock Market Movement on Friday

Despite the company reaching a new phase with its test flights, not much is happening with JOBY stock today. Only about 2.1 million shares have changed hands, which is nowhere near its daily average trading volume of about 5.1 million shares.

JOBY stock has also largely remained unmoved as of Friday afternoon. Investors will note that the shares are down 12.9% since the start of the year.

Below are more stock market stories traders will want to read!

We have all of the hottest stock market news investors need to know about on Friday! Among that is what’s happening with Plug Power (NASDAQ:PLUG) stock, ground beef recalls and the latest Rivian Automotive (NASDAQ:RIVN) stock news. All of this info is available down below!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Article printed from InvestorPlace Media,

©2024 InvestorPlace Media, LLC