Joby Aviation (JOBY) stock surged 11.76% after successful air taxi test

Joby Aviation, Inc. (NYSE: JOBY) soared 11.76% after a successful air taxi takeoff test in Dubai. The aircraft can carry a pilot and up to four passengers at speeds up to 200 mph, emitting minimal noise and zero emissions. Joby plans to launch its commercial service in Dubai, reducing travel time significantly.

With its futuristic electric vertical takeoff and landing aircraft, Joby Aviation, Inc. (NYSE: JOBY) aims to introduce commercial service at key Dubai locations. The company plans to reduce travel time between Dubai airport and Palm Jumeirah from 45 minutes to just 12 minutes. Joby is making strides in the aviation industry.

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Read more at Yahoo Finance: Joby Aviation (JOBY) Skyrockets 11.76% on Air Taxi Take-Off