A California-based transportation company saw it’s shares rally strongly on Tuesday after it was announced that %DeltaAirLines ($DAL) plans to invest $60 million into the company. The press release also went on to say that the airline could invest up to $200 million if certain milestones are reached. Shares of %JobyAviation ($JOBY) rallied strongly following the news.
Joby Aviation Inc is a transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient %AirTaxiService.
Traders pushed shares of JOBY up to $4.45/share (+15.58%) at the session high.