Cathie Wood Bets Big on Flying Taxis With Joby, Archer Trades—Invests in TSLA Robotaxi Rivals WeRide, Pony AI
ARK Invest buys millions in Joby and Archer eVTOL shares, while also investing in robotaxi firms like WeRide.
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Toyota’s New Partnership Deepens Its Fuel-Cell Ambitions, Stock Gains
Toyota Fuel-Cell Partnership lifts TM shares as the automaker joins Volvo and Daimler Truck in cellcentric.
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Joby Hit With Over $100 Million in Damages in IP Lawsuit Verdict
A federal jury in Florida awarded Aerosonic (TransDigm subsidiary) $116.9 million in damages against eVTOL maker Joby Aviation for violating a non-disclosure agreement and misappropriating trade secrets related to air data probe technology. The jury rejected all of Joby's counterarguments and found the misappropriation was willful and malicious. Despite the large verdict, analysts note the financial impact on Joby is likely minimal given its $2.3 billion cash position and existing burn rate.