From Six Figures to Seven: 3 Flying Car Stocks Set to Make Millionaires


  • These are the flying car stocks to buy for multibagger returns potential.
  • Archer Aviation (ACHR): Strong growth visibility as the Company will commercialize eVTOL in the United States, UAE, and India by 2026
  • EHang Holdings (EH): Commenced operations in China and targeting global expansion through sale of EH126 eVTOL
  • Joby Aviation (JOBY): On-track for commercialization in the U.S. next year and a strong cash buffer of $1 billion for aggressive investments
flying car stocks - From Six Figures to Seven: 3 Flying Car Stocks Set to Make Millionaires

Source: Shutterstock

Flying car stocks can mint millionaires. The eVTOL industry is at an interesting point, with several companies headed for commercialization in the next 12 to 24 months. Early-movers will have an advantage in an industry that holds promise for the coming decades.

In the last few quarters, flying car stocks have been relatively subdued. However, business developments have remained positive for some of the best names in the industry. Therefore, it’s a good time to buy the best stocks before they surge higher.

Regarding industry potential, it’s estimated that the global flying car market will be worth $920.5 million by 2030. Further, the market size is expected to hit $1 trillion by 2040. Some of the best flying car companies are already pursuing global expansion. With a big addressable market, massive value creation is likely.

So, let’s talk about three flying car stocks that can be millionaire-makers in the next five years.

Archer Aviation (ACHR)

Person holding mobile phone with web page of US eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen with logo. Focus on center of phone display. Unmodified photo. Archer Aviation Stock Analysis
Source: T. Schneider /

Even after some corrections in the last six months, Archer Aviation (NYSE:ACHR) stock has been 96% higher over 12 months. The current downside is a golden opportunity to accumulate before ACHR stock skyrockets.

Among the positives, Archer is positioned to launch commercial operations in the United States in 2025. This year, the company expects to complete the manufacturing facility for the annual production of its 650 eVTOL aircraft.

Recently, Archer announced working with Falcon Aviation to launch flying car operations in Dubai and Abu Dhabi as early as 2025. In India, Archer is partnering with InterGlobe to launch commercial operations in 2026.

AQrcher will have a presence in three countries by 2026 and already has an order backlog of $3.5 billion. The backlog will likely swell as the company forges partnerships in more countries. Overall, the stage seems set for stellar growth in the next few years and ACHR stock is poised to deliver multibagger returns.

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 /

EHang Holdings (NASDAQ:EH) stock has surged by 76% in the last month. The rally from oversold levels is likely to be sustained with the commercialization of the eVTOL aircraft.

After receiving the necessary certifications, EHang completed its debut commercial flight demonstrations in Guangzhou and Hefei in Dec. 2023. The company also delivered 52 units of EH216 in 2023. Deliveries will likely surge in the next 24 months. This is underscored by the company’s unveiling of its EH216-S eVTOL for international markets in February with a retail price of $410,000.

EHang has partnered with Wings Logistics Hub to purchase up to 100 units of the EH216 series eVTOLs. The partnership will focus on the UAE, the Middle East and North Africa. Additionally, EHang has conducted thousands of trial flights in European and Asian countries. This will likely translate into a swelling order book for eVTOL aircraft in the coming quarters.

Joby Aviation (JOBY)

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

Joby Aviation (NYSE:JOBY) stock has been in a correction mode in the last two quarters. However, business developments remain positive and it’s a good opportunity to buy for multibagger returns.

Regarding business developments, Joby Aviation has completed three of the five stages of the type certification process. The company is on track for commercialization in 2025. Outside the United States, it has signed a definitive agreement with the government of Dubai that includes exclusive rights to operate air taxis in the Emirate for six years.

It’s worth noting that Joby ended 2023 with a cash buffer of $1 billion. This provides high financial flexibility for investment toward manufacturing operations. Further, the company expects to end the year with a cash buffer of $440 to $470 million. Therefore, I don’t see any equity dilution visibility in the next 12 to 18 months.

On the date of publication, Faisal Humayun did not hold (either 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 Publishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

Article printed from InvestorPlace Media,

©2024 InvestorPlace Media, LLC