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Is Archer Aviation Stock a Buy Now?

TheMotleyFool

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Is Archer Aviation Stock a Buy Now?: https://g.foolcdn.com/editorial/images/841686/archer-aviation-evtol-aircraft-on-tarmac-at-sunset-n703ax-achr.jpg

Who wouldn't want a flying car?

Well, flying car ownership is still decades away for most consumers, but a flying taxi is much closer to becoming a reality thanks to Archer Aviation (NYSE: ACHR). The aviation start-up is racing to begin manufacturing an electric vertical takeoff and landing (eVTOL) aircaft, which basically resembles a giant drone, propellers and all.

While Archer's aircraft aren't yet on sale, its stock price sure was soaring in October, before making an abrupt descent this week around the release of its Q3 earnings report.

Source Fool.com