Is Archer Aviation Stock a Buy Now?
Flying cars could soon be more of a reality than science fiction.
Several companies are developing electric vertical take-off and landing (eVTOL) aircraft, including Archer Aviation (NYSE: ACHR), which hopes to ship its first piloted commercial unit later this year. The stock has also lifted off, soaring over 160% over the past 12 months.
Experts estimate that eVTOLs could become a $17 billion industry over the next decade and will likely grow well beyond that, with use cases spanning government applications and the commercial sector, including alleviating traffic congestion in cities.
Source Fool.com
