Reported 1 day ago
Joby Aviation's stock rose 57.9% in July, driven by its announcement of expanded manufacturing capacity, which will double aircraft production. This expansion indicates confidence in its FAA certification process as Joby prepares for the assembly of its first conforming aircraft. With significant investments from Toyota, Uber, and plans for collaboration with Delta, Joby's vertically integrated approach seems to position it favorably in the eVTOL market despite concerns over manufacturing risks.
Source: YAHOO