Shares of Joby Aviation ( JOBY 15.91%) are rising on Wednesday, up 13.2% as of 12:54 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were both down modestly. Joby, which develops electric vertical takeoff and landing (eVTOL) aircraft, announced yesterday that it will double production in its Marina, California, manufacturing site.

The Toyota-backed electric flying taxi developer Joby has announced the expansion of its site in Marina, California. This will also provide more space for

Joby Aviation (NYSE:JOBY) director Paul Sciarra offloaded 500,000 shares of the company's common stock earlier this week, a regulatory filing showed. The transaction, executed on July 14, totaled approximately $6.

Joby Aviation (NYSE:JOBY), a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, has seen its stock price surge, reflecting growing investor confidence in its commercialization prospects.

Joby stock hits 52-week high as investor confidence grows in its zero-emission tech and global air taxi expansion.