Should You Buy Archer Aviation While It's Below $10?

If you've ever sat in bumper-to-bumper city traffic, then surely you've had the thought: If only my car could fly. Archer Aviation (NYSE: ACHR) thinks it can make that wish more than science fiction.Instead of flying cars, however, Archer is making air taxis -- eVTOLs, or electric vertical take-off and landing aircraft. These electric-powered vessels hold four passengers, fly at speeds up to 150 miles per hour, and are designed to land with less noise and downwash than a helicopter. Their presence above traffic may not solve urban congestion, but for passengers who can't wait 45 minutes in a car, a ticket in one could make this $5.7 billion company a staple in transportation.Emphasis there on could. Archer is pre-revenue and doesn't have the regulatory approval to fly commercial passengers. Although investors have been enthusiastic about the company's progress thus far, shares have fallen about 35% from the 52-week high. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool