As Joby Aviation and Archer Aviation Battle It Out in Court, Which Is the Better Flying Car Stock to Buy Now?

On March 9, Archer Aviation (ACHR) countersued fellow electric vertical takeoff and landing (eVTOL) aircraft maker Joby Aviation (JOBY), alleging that Joby and its associates had “fraudulently misclassified thousands of pounds of Chinese-origin aircraft materials as consumer goods." Joby denied the assertion. The countersuit follows a lawsuit from Joby, which claims that Archer stole trade secrets via a former Joby employee.

Overall, eVTOLs appear to have a bright future, as they promise to provide passengers with a good means of quick transportation to avoid traffic. Moreover, Washington appears to be heavily interested in eVTOLS, and the Pentagon is working with both Joby and Archer. Consequently, both JOBY stock and ACHR stock appear to be intriguing buys for growth investors.