ACHR - 10 Questions for the CEO of Archer Aviation
2023-11-04 07:07:00 ET
Electric air taxi company Archer Aviation (NYSE: ACHR) is one of Cathie Wood's favorite stocks .
In August, the tech stock maven added 4.4 million Archer shares to her ARK Invest ETFs. ARK's $120 million investment in Archer now makes up more than 1% of its combined holdings. And if "1%" doesn't sound like a lot, well...Archer only has a market capitalization of about $1.4 billion. Wood owns almost 10% of that.
But what is it about Archer that makes it so attractive? I was curious and so, to find out, I asked the company's CEO, Adam Goldstein, a few questions. Here's what he had to say (edited for clarity and brevity).
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10 Questions for the CEO of Archer Aviation