1 eVTOL Stock to Buy, and 1 to Avoid
Joby looks like the stronger long-term investment.
Overview
The electric vertical takeoff and landing (eVTOL) industry is no longer just a collection of futuristic concepts. Several companies now have aircraft in advanced testing, regulators are actively working toward certification, and commercial launches are beginning to take shape.
Of course, that doesn't mean every eVTOL stock deserves a place in your portfolio. But if I had to choose one today, I'd buy Joby Aviation (NYSE: JOBY) and avoid Archer Aviation (NYSE: ACHR).
Details
Joby has consistently stayed ahead of nearly every competitor in the industry. To date, the company has completed more than 50,000 miles of test flights, making it one of the most tested eVTOL developers in the world. It's also steadily progressing through the Federal Aviation Administration's (FAA) certification process, which remains the biggest hurdle before commercial service can begin.
Source
Originally published at www.fool.com.