Flying car stocks have faced a small correction in 2024, but don’t let that dissuade you, there are still options available that can triple. eVTOLs remain on track for 2025 commercialization. Manufacturing will continue to scale up and major players in the space will announce further certification wins. Therefore, it is reasonable to anticipate that the sector will experience a spike in demand as those goals approach. Those catalysts will continue to interest investors in the short term.Investors looking fo ...

Archer Aviation (NYSE:ACHR) stock is in the news Thursday after the electric vertical takeoff and landing (eVTOL) company announced a new air taxi deal with Abu Dhabi.According to Archer Aviation, the two companies signed a framework agreement for the development of air taxi services in the United Arab Emirates (UAE). That includes manufacturing, operations and training that will take place in-country across the region.Archer Aviation is hoping to have this air taxi service ready to launch the UAE as early ...

When Tesla (NASDAQ:TSLA) stock got listed, the story was shrouded by skepticism. There were doubts on the industry growth and the company’s ability to move over a massive cash burn. However, TSLA stock turned out to be a wealth creator. Irrespective of its current challenges, early entrants in TSLA would have made millions. I see a similar story panning out for selected flying car stocks.It’s 2024 and some of the best flying car companies are targeting commercialization within the next 12 to 18 months. Coul ...

Artificial intelligence (AI) may have been the name of the game for the past year or so, but it’s not the only game in town. Wall Street has been watching other sectors for growth opportunities, particularly as valuations have gotten into the nose-bleed section. As much of a rocketship as Nvidia (NASDAQ:NVDA) stock was, it was not cheap by any stretch. Even with shares in official correction territory and down 20% from their all-time high, the AI stock still goes for 65 times earnings, 32 times sales and 72 ...

Penny stocks can surprise.It’s just a matter of timing, whether waiting for few months or quarters for a big rally. And when the rally does come, multibagger returns are possible in a matter of weeks. While speculative activity in these stocks is high, the ideas are backed by fundamentals. Further, positive business catalysts are likely to trigger positive price-action.If an interest rate cut happens in the second half of 2024, it will be another catalyst for these penny stocks trending higher. Despite the ...

Archer Aviation (NYSE:ACHR) stock is in the news Friday after the electric vertical takeoff and landing (eVTOL) company announced plans to expand its business to India.According to recent comments from Archer Aviation CEO Adam Goldstein, the company is looking to hold a trial for its aircraft in the country next year. That would see it prepare for a commercial launch of an air taxi service starting in 2026.If all goes well, this would make India the first international air taxi service Archer Aviation launc ...

In terms of green transportation, everyone talks about electric cars, but not many people appear to be thinking of other possibilities. Flying car, or electric vertical takeoff and landing (eVTOL), aviation companies are some of the fastest-growing stocks in the transportation industry, and it could help move a large number of people around cities in the coming decades. Analysts and market enthusiasts predict flying cars could revolutionize urban mobility and create a multi-billion-dollar market. With enoug ...

The flying car industry is taking off to new heights. That backdrop forms this list of the most undervalued flying car stocks to buy. As the technology behind flying cars continues to evolve, the potential of this industry is becoming increasingly apparent.Flying cars, also known as eVTOLs (electric vertical take-off and landing vehicles), offer a great solution to the challenges of traditional ground-based transportation. These vehicles use advanced aerial mobility to provide a more environmentally friendl ...

Investors may want to pay close attention to flying car stocks.If all goes according to plan, the market for flying car stocks could become a trillion-dollar opportunity according to JPMorgan. By 2040, it could be worth about $3 trillion as flying cars start to get into cargo and military operations. All as dozens of companies — from China to the U.S. and Europe — get flying cars off the ground.In the U.S., companies like Archer Aviation (NYSE:ACHR) are hoping to take to the skies in Santa Monica by 2025. “ ...

Short sellers built up their position in Archer Aviation stock (NYSE:ACHR) stock over the past few weeks. The number of shares sold short in the electric vertical takeoff and landing (eVTOL) stock grew from 180 million at the end of January to over 240 million at the end of March. Days to cover, or the theoretical number of days it would take short sellers to cover their position now stands at nine days (anything over seven is considered a lot).Archer Aviation stock has fallen 10% during that time, seemingl ...