3 Flying Car Stocks to Buy on the Dip: February 2024


  • These are the stocks to buy for a high-flying portfolio.
  • Joby Aviation (JOBY): The firm works with Toyota and the FAA to certify its aircraft.
  • Archer Aviation (ACHR): Archer is building an eVTOL aircraft and has a relationship with NASA. 
  • EHang Holdings (EH): Chinese startup EHang is creating a passenger drone. 

As we approach the start of a new era in transportation, the idea of flying cars moves from the realm of science fiction to reality. Aware of how quickly things are changing, smart buyers are now looking up and thinking about which flying car stocks to buy.

This growing industry could change the way we get around and also give forward-thinking investments a one-of-a-kind chance to make money. There are many new ideas that are changing the future, but these stocks stand out because they have a very positive meaning.

They suggest not only growth, but also a leap into a world that people could only dream about in stories. Finding the right flying car stocks to buy becomes a journey of both vision and strategy as we move through this exciting new area. It’s a mix of dreams and smart analysis.

Joby Aviation (JOBY)

A Joby Aviation (JOBY Stock) air taxi on display.
Source: T. Schneider / Shutterstock.com

It looks like Joby Aviation (NYSE:JOBY) is one of the best flying car stocks to buy. Its price recently moved up a little, to $5.85, which is a small gain of almost 6%. This small increase shows that people are becoming more interested in flying transport options.

There are a lot of different things going on with Joby Aviation’s finances. The company’s stock has been doing a little worse lately, with a 6% drop every month. Still, everyone is looking forward to the next earnings report, which will likely reveal important information.

Joby Aviation’s strategic partnership with Atlantic Aviation makes it possible for its flying taxi service to start up. This agreement will change the way people get around by air in cities by focusing on electric vehicles and making things more efficient.

Electric vertical take-off and landing (eVTOL) aircraft from Joby Aviation will transform city air transport. The growing partnership with Toyota has progressed this journey. Joby’s aircraft will feature Toyota (NYSE:TM) engines and actuators. This cooperation boosted company interactions. The $400 million Toyota investment in Joby makes it its biggest outside sponsor, and Toyota’s eVTOL aircraft manufacturing knowledge helps Joby flourish.

Pilots tested Joby’s pre-production prototype aircraft at Joby’s Pilot Production Facility in Marina, CA. This is a major step toward operations for the company from remote-controlled testing to human flights. The plane’s handling and control are tested . These changes are needed for FAA certification and show Joby’s commercial use commitment.

In summary, these efforts show Joby Aviation’s dedication to fast, quiet, pollution-free transportation globally. Its new air taxi services would prioritize safety, dependability and efficiency.

Archer Aviation (ACHR)

Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo.
Source: T. Schneider / Shutterstock.com

Archer Aviation (NYSE:ACHR) stands out as a leader in electric vertical takeoff and landing (eVTOL) planes in the fast-paced world of flying car projects. United Airlines (NASDAQ:UAL) and Stellantis (NYSE:STLA) have formed a partnership with the corporation. The airplane that Archer has built is intended to be less noisy and more cost-effective than Joby’s.

As proof of its dedication to improving plane travel, the company has formed a relationship with NASA. The Space Act Agreement that allows these two groups to work together is a big step forward in the history of air travel.

Archer Aviation is also making good strides with its Midnight plane; the first part of flight testing is now over. This accomplishment is a necessary step toward getting certified by the Federal Aviation Administration. This will start a new era in short-distance air travel.

The stock of the company recently went up a lot, reaching $5.06, which is a rise of almost 8%. A strong majority of experts have recommended buying Archer Aviation, which shows that they are confident in the company’s market situation and growth prospects.

EHang Holdings (EH)

Flying taxi or Car-drone-EHang 216 exhibited by Prestige Image Motor Cars at the 2023 Indonesia International Motor Show (IIMS) at JIExpo Kemayoran. EH stock
Source: Toto Santiko Budi / Shutterstock.com

New transportation enthusiasts are considering EHang Holdings (NASDAQ:EH) among the top flying car stocks to buy. EHang is a Chinese business that is making a drone that can carry people. The Chinese government has already given the company permission to use its drone for business purposes, which is set to happen in 2024.

Smart cooperation with significant Guangzhou organizations demonstrate EHang’s proactive approach to strengthening the low-altitude economy. EHang collaborates with key entities including the Management Committee of Guangzhou Airport Economic Zone and Guangzhou Automobile Group Co., Ltd. to foster flying vehicle development. This initiative supports China’s emerging technology-driven industrial development.

EHang remains robust despite legal and financial issues and lower revenue than last year. The company’s determination to overcome obstacles reflects its desire to see unmanned aerial vehicles (UAVs) carrying humans become widespread. EHang’s travel is altering and might impact transportation, so investors should be careful.

Successful business flight demonstrations and clever collaborations in new markets demonstrate that EHang is continually seeking new ways to accomplish things. These achievements boost investor confidence and establish EHang as a leader in urban air transportation. EHang is a terrific opportunity for investors to enter the world-changing flying vehicle sector as interest grows.

On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

Article printed from InvestorPlace Media, https://investorplace.com/2024/02/3-flying-car-stocks-to-buy-on-the-dip-february-2024/.

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