Is Archer Aviation Stock Your Ticket to Becoming a Millionaire?

Shares of Archer Aviation (NYSE: ACHR) have fallen more than 33% from their high-water mark over the past few months. That's the second drawdown of that magnitude in the past year. And yet the stock is still up more than 150% over the past 12 months. That volatility is important to keep in mind because if you can't handle a bumpy ride, you won't want to buy this aviation startup no matter how positive the long-term opportunity seems.At this point in its life, Archer Aviation builds aircraft for testing purposes. It is currently building a small vertical lift vehicle called Midnight that is meant for traveling short distances while carrying just a few passengers (or a light load of items).Midnight is basically an air taxi. It is a completely new form of transportation and regulators are still putting Midnight through its paces. The company has competition, but there is likely to be enough room in the air taxi market for more than one vehicle supplier.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool