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-0.00278648554510618 -0.00243817485196797 -0.00174155346569142 -0.00626959247648902 -0.00243817485196797 -0.0102751654475792 -0.00574712643678158 -0.00661790316962723
Stock impact report

Beta stock jumps 9% on $1 billion motor deal with air taxi maker Eve Air Mobiliy [CNBC]

Beta Technologies, Inc. Class A (BETA) 
Company Research Source: CNBC
The eVTOL industry is leaning on commercial deals and President Donald Trump's recently announced pilot program for the technology. Beta shares have slumped more than 20% since the company went public on the New York Stock Exchange in November. In this article Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding , said the manufacturing deal could equal as much as $1 billion over 10 years. The Florida-based company said it has a backlog of 2,800 vehicles. Shares of Eve Holding gained 14%. Eve CEO Johann Bordais called the deal a “pivotal milestone” in the advancement of the company's electric vertical takeoff and landing, or eVTOL, technology. “Their electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our pro Show less Read more
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