Reported 2 days ago
Archer Aviation is working to establish itself as the leader in electric vertical take-off and landing (eVTOL) aircraft, aiming to revolutionize urban travel much like Tesla did for cars. With its Midnight air taxi in production and expected to become operational soon, Archer is poised for growth, although it faces challenges such as infrastructure development and regulatory hurdles. Analysts are optimistic, with some rating the stock a 'Buy', highlighting potential revenue growth as the company forges partnerships and prepares for operational launches, including being the air taxi provider for the 2028 Los Angeles Olympics.
Source: YAHOO