This eVTOL Stock Could Set Early Investors Up for Life
Archer is gearing itself up to become a highly profitable eVTOL company.
Overview
Confession: I've been wrong about Archer Aviation (NYSE: ACHR). Not totally wrong, but wrong enough to make me rethink the stock. In truth, I've been analyzing the stock too narrow-mindedly, with too much focus on its air taxi business and not enough on the other developments taking shape around it.
Two of those developments are in defense and autonomous technology. And I think they will make Archer one of the most formidable eVTOL businesses on the market.
Details
By now, you probably know what Archer is, or what it's trying to build. It's a frontrunner in the nascent electric vertical takeoff and landing (eVTOL) industry. Long term, it wants to operate an air taxi service, a kind of Uber (NYSE: UBER) in the skies, a transportation network to taxi people through the air to vertiports in major cities.
Source
Originally published at www.fool.com.