Will Buying Archer Aviation Stock Below $10 Make Investors Rich?

Archer Aviation (NYSE: ACHR) is an electric vertical takeoff and landing (eVTOL) start-up with a roughly $6 billion backlog, a lineup of big-name partners like Stellantis (NYSE: STLA), and $1.6 billion in cash and short-term investments at the end of the third quarter. On paper, those figures make its current share price (which has been below $10 since the end of October) look out of sync with the progress Archer is making toward commercializing its air taxi idea.At the same time, the stock's double-digit slide this year clearly reflects concerns over the company's cash burn and whether the eVTOL industry will truly take off, as optimists expect.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool