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The buzz around flying car stocks is growing louder. Projections suggest that the flying car market is on track to potentially reach over $1.5 trillion by 2040, with some estimates even daring to dream of a $2.9 trillion valuation. Companies like Tesla (NASDAQ:TSLA) are hinting at a future where commercial flying cars are a reality, further fueling investor enthusiasm.
Other players like Stellantis (NYSE:STLA) are also diving into this futuristic market, with recent stock purchases of companies like Archer Aviation generating excitement. With the vision of a Jetson-esque world on the horizon, investors are eyeing opportunities in soaring stocks like:
Joby Aviation (JOBY)
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Joby Aviation (NYSE:JOBY) might be experiencing a dip, but with the potential of a multi-billion-dollar flying car market, JOBY could soon take off. The company has shown promising financials, beating earnings estimates and embarking on ventures like its air taxi service launch in Dubai.
Moreover, its partnership with Helo Holdings to deploy air taxi chargers in New York City signals a proactive stance. With the global taxi market poised to ascend in value exponentially, the sky’s the limit for JOBY.
Recently, the announcement of aircraft deliveries to the Air Force in 2025 underscores JOBY’s commitment to leading the charge in the commercial passenger service realm.
Archer Aviation (ACHR)
Source: T. Schneider / Shutterstock.com
Another standout in the electric vertical takeoff and landing market is Archer Aviation (NYSE:ACHR). With notable backing from industry giants like Stellantis and ARK Invest, ACHR is making waves.
Their strategic collaborations and ambitious manufacturing plans are painting a bright future for the company. Having rebounded impressively in the market, ACHR continues to gain traction, setting sights on higher price milestones.
Lilium (LILM)
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Another stock to watch is Lilium (NASDAQ:LILM), which is steadily climbing higher in the market. After a brief dip, LILM is regaining ground, positioning itself well for future growth.
With strategic partnerships like the one with Lufthansa Group and plans to expand operations in China, Lilium is carving a niche in the eVTOL aircraft domain. Collaborations with entities like Atlantic Aviation underscore their commitment to reshaping regional air mobility services in the U.S.
Furthermore, earmarking 2024 for a significant milestone with the first manned flight of the Lilium Jet showcases the company’s commitment to innovation and progress.
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On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, adhering to the InvestorPlace.com Publishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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