What Happened
Why This Analyst Remains Bullish On Electric Air Taxis
Despite a 50% drop in stock price this year, Archer Aviation has made significant progress in its business, including completing Phase 3 of the FAA’s type certification process and acquiring three subsidiaries from Boeing. The company’s eVTOL aircraft, Midnight, has also completed successful test flights, and the acquisition of Insitu, a military drone maker, could bring substantial revenue. According to The Motley Fool, Archer’s progress and strategic moves make it an attractive investment opportunity for those willing to tolerate risks.