Joby Aviation is making significant progress towards Federal Aviation Administration certification. The company’s expansion of its manufacturing capacity in California and Ohio has doubled its aircraft production. This move indicates growing confidence in the certification process and de-risks the stock from potential manufacturing issues. Joby’s partnerships with Toyota, Uber, and Delta show ambitious yet feasible plans.

Shares in Joby Aviation surged by 57.9% in July following news of manufacturing site expansion. Joby is preparing for final assembly of its first conforming aircraft for Type Inspection Authorization flight tests with the FAA. The company’s vertical integration strategy sets it apart from competitors, leading the field in FAA certification.

Joby Aviation’s partnerships with Toyota, Uber, and Delta illustrate the company’s ambitious yet feasible plans. Toyota has invested $894 million in Joby, while Uber has invested $125 million. Delta is on track to invest $200 million to provide services to its customers. Joby’s management de-risks the stock with capacity expansion and progress towards certification.

Read more at Yahoo Finance: Here’s Why Joby Aviation Stock Flew Higher in July