The California-based eVTOL startup is moving forward with manufacturing plans to produce electric air taxis, with help from Toyota, Uber and Delta Airlines.

Auto giant Toyota is investing another $500 million into Joby, which pioneered the first test flight of an air taxi over the skies of New York City.The Latest Tech News, Delivered to Your Inbox

While Joby's stock has badly underperformed the S&P 500 in 2024 (see graph below), the long-term potential remains substantial. Joby Aviation's strong partnerships, global expansion efforts, and certification progress position it as a leading contender in the eVTOL space.