Why Lilium Stock Soared 20% on Thursday

Shares of European flying car company Lilium (NASDAQ: LILM) surged 19.8% through 10:40 a.m. ET on Thursday after revealing it is in talks to form a strategic partnership with airline Lufthansa. Investors are piling into the stock, in part because this is the second straight day of good news out of Lilium.

Just yesterday, the company announced that it has officially begun production of its Lilium Jet, an all-electric vertical take-off and landing (eVTOL) air taxi.

Let's take these press releases one at a time and see how significant they might be to Lilium's business, beginning with the Lilium Jet.

Source Fool.com