Will Archer Aviation Disrupt the Transportation Market?
People hate traffic. In fact, if you ask, it is one of the most commonly loathed inconveniences of everyday life. Archer Aviation's (NYSE: ACHR) goal is to help alleviate the traffic pressure in major cities around the world. How? With electric vertical takeoff and landing (eVTOL) taxi networks. Electric air taxis take off vertically and go from point-to-point terminals across metropolitan areas, greatly reducing travel times. In theory, at least.Investors are excited about the prospect, sending Archer Aviation shares soaring in the last year as it gets closer and closer to operating a taxi network. Will Archer Aviation disrupt the transportation market? Should you buy the stock? The answer may surprise you.Image source: Archer Aviation.Continue reading
People hate traffic. In fact, if you ask, it is one of the most commonly loathed inconveniences of everyday life. Archer Aviation's (NYSE: ACHR) goal is to help alleviate the traffic pressure in major cities around the world. How? With electric vertical takeoff and landing (eVTOL) taxi networks. Electric air taxis take off vertically and go from point-to-point terminals across metropolitan areas, greatly reducing travel times. In theory, at least.
Investors are excited about the prospect, sending Archer Aviation shares soaring in the last year as it gets closer and closer to operating a taxi network. Will Archer Aviation disrupt the transportation market? Should you buy the stock? The answer may surprise you.
Image source: Archer Aviation.
