Investors have waited for Archer Aviation (NYSE: ACHR) to live up to its potential since the stock began trading in 2021.
The wait has taken a toll on Archer Aviation, which currently trades more than 60% below its all-time high
But much has changed since years ago, when the stock represented an idea more than an actual business. Archer Aviation has spent years designing and testing its electric vertical takeoff and landing (eVTOL) aircraft. It’s finally nearing the end of the regulatory approval process and could begin its initial U.S. operations later this year as part of the White House’s eVTOL Pilot Integration Program.
Here’s why the stock’s steep decline is actually good news for long-term investors. The eVTOL market might not be very large right away The eVTOL market has promise, but this looks like a niche market right now. Broadly speaking, eVTOL aircraft, including Aviation’s Midnight, specialize in short trips with fast turnaround times and have very limited seating and cargo capacity.