Many companies are working on electric air taxis, including publicly traded stock Archer Aviation (NYSE: ACHR). The start-up is aiming to build a point-to-point taxi network for eVTOL aircraft across the globe,

Archer Aviation, a California-based company, designs, develops, and operates eVTOL aircraft that are used in air mobility. Check out my analysis of ACHR stock.

Electric-powered aircraft maker Archer Aviation (NYSE: ACHR) has captivated investors with the potential to bring air taxis to everyday life and potentially ease traffic congestion that plagues many cities.

Shares of Archer Aviation (NYSE: ACHR) have risen nearly 40% over the past month, as of this writing. Almost all of that advance has come in just the few days following the company's third-quarter 2024 earnings release.

Archer Aviation presents an exciting growth opportunity in the eVTOL market. If you're thinking about investing in eVTOL for the first time, read on for the ACHR stock report here.