
Grizzly Research is shorting electric vertical take-off and landing (eVTOL) aircraft developer Archer Aviation Inc. (NYSE:ACHR), as the firm believes competitor Joby Aviation Inc. (NYSE: JOBY) is a better bet in the eVTOL space.
What To Know: Grizzly Research on Wednesday issued a bearish report on Archer Aviation, calling the company “the Nikola of the skies.”