Is Archer Aviation Stock a Buy Below $9?

Electric vertical takeoff taxis (eVTOLs) are a potentially disruptive technology on the verge of going commercial. Many publicly traded stocks are vying to win this race and bring eVTOLs to the masses, including Archer Aviation (NYSE: ACHR). The start-up has built up a sizable backlog, has begun manufacturing vehicles for regulatory certification, and has a new partnership for the defense sector.Today, Archer Aviation trades at a cheap-looking price below $9 a share. It is aiming to get its vehicles flying by the end of 2025 with the hopes of disrupting the transportation sector and alleviating traffic in major cities. Does that mean you should you buy the stock today?The eVTOL products from Archer Aviation promise to reduce traffic and travel times through key corridors in major cities. The air taxis -- which carry four people and are operated by a pilot -- will travel from point-to-point terminals similar to a helicopter but with much less noisy operations. For example, the company plans to fly a route from downtown Manhattan to the Newark Airport, which would cut travel time from around an hour to under 10 minutes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool