Is Archer Aviation Stock a Millionaire Maker?

Archer Aviation (NYSE: ACHR), a developer of electric vertical takeoff and landing (eVTOL) aircraft, probably hasn't minted any new millionaires since it went public by merging with a special purpose acquisition company (SPAC) four years ago. The combined company's stock closed at $9.00 on the first day, went through some wild swings, but now trades at about $12.Archer is still a divisive stock. The bulls expect its revenue to soar over the next few years as it ramps up its production of its Midnight aircraft, but the bears believe its stock is overvalued, it will struggle to narrow its losses, and it will face tougher competitors in the future. So, will Archer's stock soar higher and churn a $10,000 investment into $1 million over the next decade? Let's take a fresh look at its business model, upcoming catalysts, and valuations to decide.Image source: Archer Aviation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool