eVTOL

The promise of electric vertical takeoff and landing (eVTOL) aircraft once had Wall Street dreaming of a trillion-dollar market. Now, reality is setting in. JPMorgan analyst Bill Peterson warns that commercialization is proving longer, tougher, and less lucrative than once imagined. FAA Roadblocks...

Archer Aviation Inc (NYSE:ACHR) stock gained Friday after Wall Street analysts rerated it after its fourth-quarter report Thursday. The company reported a fourth-quarter loss of $1.42 per share, missing analyst estimates for a loss of $1.24 per share. Archer Aviation said its quarterly spending...

The future of electric vertical takeoff and landing (eVTOL) aircraft is still on the runway, with investors eyeing FAA approvals, cash burn, and market feasibility. JPMorgan analyst Bill Peterson sees a mixed outlook for key players Archer Aviation Inc (NYSE:ACHR), Joby Aviation Inc (NYSE:JOBY)...

While the electric vertical takeoff and landing (eVTOL) industry may represent the future of mobility, as an investment, the narrative presents a cloudier picture. Case in point is sector heavyweight Archer Aviation Inc (NYSE:ACHR). Although ACHR stock has witnessed powerful ebbs and flows, the net...

JPMorgan shifted gears on air mobility stocks Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY), downgrading them despite strong sector enthusiasm. Analyst Bill Peterson adjusted Archer Aviation stock to a Neutral rating and Joby Aviation stock to Underweight, noting their...

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher in the on Friday. The company entered a groundbreaking multiparty collaboration agreement with key UAE and Abu Dhabi entities to advance electric vertical takeoff and landing (eVTOL) air taxi operations in Abu Dhabi. What Happened: The...

Joby Aviation Inc (NYSE:JOBY) is soaring to new heights—literally and figuratively. The stock is making new 52-week highs on Monday, fueled by news of half a billion-dollar investment from Toyota Motor Corp (NYSE:TM). Joby stock was up by over 10% by 10:30 AM ET on Monday. Joby's meteoric rise — a...

Chinese EV maker Xpeng Inc.’s (NYSE:XPEV) Chairman He Xiaopeng on Wednesday provided details on its modular flying car called Land Aircraft Carrier, including its sales timeline and driving ease. What Happened: The Land Aircraft Carrier has two parts – a ground module and an air module...

Flying taxis could soon be a reality in the U.S. after the Federal Aviation Administration (FAA) issued a final rule on Tuesday that establishes a new category of aircraft called “powered lift.”  The Details: The FAA's powered lift category applies to electric vertical takeoff and...

Electric vertical take-off and landing (eVTOL) aircraft manufacturer Eve Air Mobility (NYSE:EVEX) said on Tuesday that it is appointing former Rolls-Royce executive Megha Bhatia as its new Chief Commercial Officer (CCO). What Happened: Bhatia will oversee Eve’s global sales, market...

After participating in the Farnborough Air Show, Vertical Aerospace Ltd's (NYSE:EVTL) shares were rising in midday trading on Tuesday. Although the company has experienced setbacks over the past few years, an operational inflection seems possible in the next few quarters, "with management targeting...

Beleagured aircraft maker Boeing Co. (NYSE:BA) is reportedly planning to venture into Asia’s urban air mobility market by 2030 with flying cars. What Happened: Boeing’s Chief Technology Officer Todd Citron told Nikkei Asia on Friday that the company is developing electric vertical take-...

The era of electric vertical take-off and landing vehicles (eVTOLs) is upon us, with the latest CNBC Tech podcast episode shedding light on the industry’s rapid advancement and the challenges it faces. What Happened: A recent episode of CNBC Tech’s “Beyond the Valley”...

XPeng Aeroht, the flying car subsidiary of Chinese automaker XPeng Inc (NYSE:XPEV), unveiled its flying supercar concept at CES 2024 in Las Vegas, featuring blue and white exteriors resembling a blue macaw. Flying Supercar: The flying supercar showcases manipulator arms, rotor systems, and other...

The CES 2024 conference kicked off this week and runs through Jan. 12 with themes highlighted this year including digital health, automotive, television, robots and artificial intelligence. What Happened: The media portion of CES 2024 kicked off and several companies including NVIDIA Corporation (...