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The latest trading day saw Archer Aviation Inc. (ACHR) settling at $4.60, representing a -0.86% change from its previous close.
SANTA CLARA, Calif.--(BUSINESS WIRE)--Archer Aviation Inc. (NYSE: ACHR) will report its second quarter 2024 operating update and financial results after market close on Thursday, August 8, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results. Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com. Conferenc.
It's unlikely that investors can always make money in the markets. During bull markets, the focus should be on maximizing returns by taking relatively higher risks.
I feel that now could be a great time for investors to consider the future of transportation. This is because flying car stocks are making steady progress to commercially produce electric vertical take-off and landing crafts (eVTOLs), and this market is rising quickly.
The concept of flying cars has long been a staple of science fiction, but it is rapidly becoming a top-growth industry, with three companies leading the charge. These trailblazers are revolutionizing transportation and providing compelling investment opportunities.
Before entering the markets, investors need to clearly define their objective. If the idea is to take low-risk and beat inflation, it makes sense to go overweight on blue-chip stocks trading at attractive valuations.
Archer Aviation (NYSE: ACHR ) stock is in the news Wednesday after the electric vertical takeoff and landing (eVTOL) company announced new approval for its manufacturing. The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is behind this with approval for the company's $117 million manufacturing facility in the state.
The race for air taxis is taking off. These machines are technically called electric vertical take-off and landing (eVTOL) aircraft.
The flying car market is expected to grow from $0.42 billion in 2022 to $5.28 billion by 2030 at a compounded annual growth rate (CAGR) of 43.7%. Key drivers include rising purchasing power, changing lifestyles, urban traffic and population growth.
Electric vertical take-off and landing stocks have performed poorly over the past few years. With the industry poised to enter the commercial phase of its lifecycle soon, this situation may be about to change in dramatic fashion.