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Wajeeh Khan

Is Archer Aviation Stock a Buy, Sell, or Hold on Trump’s Flying Car Executive Order?

Archer Aviation Archer ACHR Executive Order Amit Dayal HC Wainwright Donald Trump

Archer Aviation (ACHR) shares closed up more than 10% higher on Monday after President Donald Trump signed an executive order in favor of drones and electric vertical takeoff and landing (eVTOL) technologies. 

The order mandates expanded “beyond visual line of sight” testing and eVTOL flight pilots, which could help lower regulatory hurdles for ACHR’s “Midnight” aircraft. 

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