Is Archer Aviation a Millionaire-Maker Stock?
The market has no shortage of grandiose technology platforms that promise to revolutionize how people live and do business. Electric vertical takeoff and landing aircraft (eVTOLs) are no exception. These flying taxis could help people avoid urban traffic and open the skies to fast and efficient transportation.
And Archer Aviation (NYSE: ACHR) aims to help make this dream a reality. Let's discuss what this mission could mean for the company's long-term investors.
Analysts at Morgan Stanley are incredibly optimistic about the eVTOL market's potential and don't think investors are prepared for the scope of what they call a "revolution" in urban air mobility. They believe the market could be worth $1 trillion globally by 2035 and $9 trillion by 2040 as it replaces some forms of ground-based transportation.
Source Fool.com
