Reported about 15 hours ago
Archer Aviation (NYSE: ACHR), known for its electric vertical take-off and landing (eVTOL) aircraft, has seen its stock plunge below $5 since its debut, falling short of prior expectations and incurring significant losses. Despite securing major contracts, including a $1 billion order from United Airlines and investments from Stellantis, analysts predict less than $1 million in revenue for 2024. With ambitious production goals set for the coming years, Archer's future hinges on its ability to scale effectively in a competitive market. While its stock may appear attractive for risk-tolerant investors, uncertainties remain regarding its financial viability.
Source: YAHOO