Joby Aviation Stock Surges after Securing Dubai Taxi Deal

Joby Aviation Stock Rises 4.2% as Company Secures Exclusive Deal for Air Taxi Services in Dubai

Shares of Joby Aviation soared 4.2% in premarket trading on Monday, recovering from a 4% drop over the weekend. The surge in stock value follows the announcement of a groundbreaking agreement between the electric vertical takeoff and landing (EVTOL) aircraft manufacturer and the Road and Transport Authority of Dubai. Under the exclusive deal, Joby Aviation has been granted the rights to operate air taxi services in Dubai for the next six years.