Is Archer Aviation a Millionaire-Maker Stock?

With its shares up an impressive 140% over the last 12 months, there is clearly a lot of momentum behind Archer Aviation (NYSE: ACHR), a California-based start-up tackling the burgeoning market for electric vertical takeoff and landing vehicles (eVTOLs). If things go as planned, this opportunity could mint plenty of millionaires, but will reality live up to the hype?

Let's dig deeper to see how Archer Aviation's story might play out.

Improving battery technology turned electric cars from a fringe novelty purchase to a mainstream, multi-billion-dollar industry. But these innovations aren't limited to terrestrial use cases. With batteries now stronger, smaller, and lighter than ever, the value proposition for electric eVTOL helicopters will become increasingly compelling over time.

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Source Fool.com