Joby Aviation, Inc. (NYSE:JOBY) saw a 47.67% surge in stock price this week, closing at $17.78, up from $12.04 on July 11. Investor confidence was boosted by the company’s aggressive expansion plans, including facility expansions in Dayton, Ohio, and Marina, California, to increase aircraft production to 500 and 24 annually.

Joby Aviation, Inc. (NYSE:JOBY) announced facility expansions in Dayton, Ohio, and Marina, California, to increase aircraft production capacity. This move is part of the company’s plan to have four manufacturing sites, with two others in Santa Cruz, California. The Marina expansion will also include various key capabilities such as FAA production certification and pilot training simulators.

Joby Aviation, Inc. (NYSE:JOBY), backed by Toyota Motors, is expected to release its second quarter earnings performance in early August 2025. While JOBY shows promise as an investment, some AI stocks may offer greater returns with limited downside risk. Investors seeking affordable AI stocks may benefit from analyzing our free report on the best short-term AI stock.

Read more at Yahoo Finance: Joby Aviation (JOBY) Soars 48% on Aggressive Expansion