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3 Flying Car Stocks to Buy For 10-Bagger Returns by 2030: April Edition
Archer Aviation Archer Aviation (US:ACHR) InvestorPlaceยท2024-04-24 10:15

Core Viewpoint - The flying car industry is poised for significant growth, with estimates suggesting it could reach a value of $9 trillion by 2050, similar to the early success of Tesla stocks [1] Group 1: EHang Holdings (EH) - EHang Holdings has received a production certificate from the Civil Aviation Administration of China, enabling mass production of eVTOL aircraft [2] - The company has conducted 39,000 demo and trial flights in 14 countries, indicating aggressive global expansion plans over the next 12 to 24 months [2][3] - EHang is establishing urban air mobility centers in Spain and Japan, and partnering in the UAE for smart city management [2][3] Group 2: Archer Aviation (ACHR) - Archer Aviation's stock has declined by 36% year-to-date, presenting a buying opportunity [5] - The company is on track for commercialization of eVTOL aircraft in the U.S. by 2025 and plans to begin trials in India next year [5] - Archer is developing a vertiport network in Dubai and Abu Dhabi, with plans to scale up operations through a new manufacturing facility in Georgia [5] Group 3: Joby Aviation (JOBY) - Joby Aviation expects FAA certification in the first half of 2025 and has completed three of five certification stages [6] - The company ended 2023 with a cash buffer of $1 billion, allowing for aggressive investments and plans to manufacture 500 eVTOL annually [6] - Joby has exclusive rights to operate air taxis in the UAE for six years and aims to expand its engagement with the U.S. Department of Defense [6]