Is ACHR Stock a Buy Now?
Archer Aviation (NYSE: ACHR) is on the cusp of something potentially disruptive: Electric air taxi services, a concept that once seemed much more grounded in science fiction than reality. Electric air taxis will (in theory) fly paying passengers above gridlocked traffic, which will cut travel time significantly enough to warrant paying a premium for a flight.
But here's the thing (or several things, rather): As of writing, the electric air taxi market is nonexistent. Archer, a pre-revenue company, is bleeding cash in the belief that this market will emerge. Regulation around air taxis has been slow, and the company still lacks the approval to fly passengers commercially.
As a result, Archer's story is complicated and involves many more moving parts than most conservative investors will be willing to stomach.
Source Fool.com
