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With every new milestone, the once-distant dream of flying taxis is quickly becoming a near-term reality. The electric vertical takeoff and landing (eVTOL) aircraft industry is still in its developmental stages, but progress is picking up speed. Most manufacturers are now laser-focused on testing and obtaining certifications as they gear up to meet anticipated demand. According to projections, the global eVTOL market could reach $1.75 billion by 2028, growing at an impressive compound annual growth rate (CAGR) of 36% from 2024 to 2028.
One company making headlines in the eVTOL space is Archer Aviation (ACHR). Although the firm has yet to generate any revenue, ACHR stock has been attracting massive investor interest due to the company's bold vision and growing list of airline partnerships. The company aims to launch air taxi services in major metropolitan areas, hoping to change how people move around cities in the near future. But with no commercial operations yet and a lot riding on future execution, should investors buy, sell, or hold ACHR stock in July?
