Two air taxi stocks were taking off on Monday, spurred by an executive order that should be favorable for these stocks, and others in the industry.
Both of these companies build what are called electric vertical takeoff and landing (eVTOL) aircraft. They are the future of transportation, as both are rolling out air taxi services with these aircraft. Their air taxis are expected to launch commercial services within the next year in select markets and going from there.
The catalyst on Monday was an executive order from U.S. President Donald Trump that could accelerate their development.
This post appeared on Dynamic Wealth Report.