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Barchart
Barchart
Sushree Mohanty

Can Archer Aviation Become the Tesla of the Skies?

Archer Archer Aviation Tesla Inc. Amit Dayal

Tesla (TSLA) does not just make cars. It has reshaped our understanding of what cars can be. 

Archer Aviation (ACHR), valued at $5.5 billion, is developing electric vertical take-off and landing (eVTOL) aircraft, which are essentially air taxis intended for short-distance urban and regional travel. Archer Aviation stock has gained just 2.3% in the year to date, underperforming the S&P 500 Index ($SPX), despite its massive 167% gain over the past 52 weeks. For this under-the-radar aerospace company to become “the Tesla of the skies,” it must do more than just make air taxis viable. It must also make them desirable and indispensable for daily travel.

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