Joby Aviation (Joby) Skyrockets 11.76% Air Taxi Takeoff

Recently released These 10 strains are covered as Wall Street roars. Joby Aviation, Inc. (NYSE: Joby) was one of last week’s top performers.

Joby Aviation rose 11.76% on Monday, finishing at $10.55 each after successful air taxi takeoff tests in Dubai.

In a statement, the Toyota-backed company said it had successfully completed a series of piloted vertical and landing wing birth flights in Dubai, marking the beginning of its commercial market preparation efforts in the region.

Joby Aviation, Inc. (NYSE: JOBY) said the aircraft is designed to transport pilots and up to four passengers at speeds of up to 200 mph, with minimal noise and minimal operating emissions.

Future electric vertical takeoff and landing aircraft soaring through the sky.

Joby Aviation, Inc. (NYSE: JOBY) is aiming to fully operate its operations to Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina and downtown Dubai, with already ongoing takeoff and landing areas. Travel time between Dubai Airport and Palm Jumeirah is also expected to be reduced from 45 minutes to just 12 minutes.

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Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.

Disclosure: None. This article was originally published Insider Monkey.