Reported 1 day ago
Joby Aviation, Inc. (NYSE:JOBY) saw its stock surge by 47.67% this week, closing at $17.78, following an announcement of significant expansion plans in Ohio and California aimed at increasing aircraft production. These developments have bolstered investor confidence as the company aims to scale its manufacturing capabilities, which also include obtaining FAA production certification and enhancing pilot training resources. Joby, backed by Toyota Motors, is set to report its Q2 earnings in early August.
Source: YAHOO