The Jetsons’ Portfolio: 3 Flying Car Stocks to Own for Millionaire Status


  • These are the flying car stocks to buy that have millionaire-maker potential in the coming years.
  • EHang Holdings (EH): Commencement of mass production of EH216 eVTOL and entry into multiple markets will translate into stellar revenue growth
  • Joby Aviation (JOBY): On track for commercialization in 2025, with initial markets likely to be the United States, UAE and Saudi Arabia.
  • Archer Aviation (ACHR): An indicative order backlog of $3.5 billion and a manufacturing facility will support the production of 650 eVTOL annually.
flying car stocks to buy - The Jetsons’ Portfolio: 3 Flying Car Stocks to Own for Millionaire Status

Source: Pavel Chagochkin /

The global flying car market is possibly at an inflection point. With several companies on track for commercialization of eVTOL aircraft, the industry is worth considering. Since companies are at an early stage, there is room for massive value creation if industry growth is stellar. It’s, therefore, a good time to look at some of the best flying car stocks to buy.

It’s also worth noting that the flying car industry is not just a fad. Boeing (NYSE:BA) has plans to bring flying cars to Asia by 2030. The possible entry of big players in the industry underscores the long-term potential. JP Morgan believes the eVTOL market will likely be worth $1 trillion by 2040.

The industry has millionaire-maker potential. It’s just a matter of exposure to the right stories and holding with patience. This column discusses three emerging names among flying car stocks to buy for multibagger returns.

EHang Holdings (EH)

An image of a lifesize white and black pilotable drone display in China with a man taking a picture of a woman in front of it.
Source: CNN

EHang Holdings (NASDAQ:EH) has taken some big strides in commercializing eVTOL. EH stock has increased by 42% in the last 12 months, but I believe valuations remain attractive considering the impending growth.

It’s worth noting that for Q1 2024, EHang reported stellar revenue growth of 178% on a year-on-year basis to $8.5 million. During the quarter, 26 units of the EH216 series were delivered. Growth will likely continue to accelerate in the coming quarters. The reason is that the Company received approval for mass production of EH216-S pilotless eVTOL aircraft in April.

Besides expansion in China, EHang has expanded international partnerships and conducted demo flights in UAE, Spain, Costa Rica and Japan.

This sets the stage for stellar growth in terms of eVTOL deliveries. In China, the local government of Wuxi has placed a purchase order for 100 units of EH216-S. Further, in UAE, Wings Logistics Hub will purchase 100 units of the EH216 series. With these positives, the outlook is bullish for EH stock for multibagger returns from current levels.

Joby Aviation (JOBY)

Smartphone with logo of American eVTOL company Joby Aviation on screen in front of business website. Focus on center-left of phone display. Unmodified photo.
Source: T. Schneider /

Joby Aviation (NYSE:JOBY) stock has remained subdued despite positive business progress. It’s, therefore, a good time to accumulate with Joby on track for the commercialization of eVTOL aircraft in 2025.

In a recent development, Joby has partnered with Mukamalah Aviation to introduce eVTOL aircraft in Saudi Arabia. Currently, Mukamalah operates the world’s largest fleet of corporate aircraft.

It’s worth noting that Joby has already partnered with three Abu Dhabi government departments to establish an electric air-taxi ecosystem. Joby will likely make inroads in more countries in the Middle East and globally in the coming quarters.

The company has completed over 1,500 full-scale eVTOL flights in the United States. With the U.S. Federal Aviation Authority certification testing on track, I expect stellar growth for Joby in 2025 and beyond.

From a financial perspective, Joby ended 2023 with a cash buffer of $924 million. This will support its plans for a manufacturing facility to produce 500 eVTOL annually.

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 /

Archer Aviation (NYSE:ACHR) stock has witnessed a sharp correction of 43% year-to-date. This is a good time for gradual accumulation. On the business front, there seems to be steady progress towards commercialization next year.

In Q1 2024, Archer completed more than 100 test flights, and the company is targeting 400 flights for the financial year. The company plans to fly its initial conforming aircraft later this year for FAA certification.

At the same time, Archer is constructing its high-volume production facility. This will support the production of up to 650 aircraft annually. With Archer’s indicative order backlog of $3.5 billion, operations will likely be scaled up significantly in 2025 and beyond. The company’s backlog comes from the United States, UAE and India. Therefore, Archer has already focused on international expansion through local partnerships. As of March 2024, Archer reported a liquidity buffer of $520 million. This provides ample flexibility for investments across the aircraft development program.

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.

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