Lilium (NASDAQ:LILM) Stock, Quote.Headers.trade-ideas

Lilium

Lilium NV creates a sustainable and accessible mode of high-speed, regional transportation. Using the 7-Seater Lilium Jet, an electric vertical take-off and landing jet, offering leading capacity, low noise and high performance, it is building a transport network and service for people and goods.

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Lilium has entered a sales agreement with Saudia Group for 50 Lilium Jets with options for an additional 50. This marks a significant milestone in the industry and supports Saudi Vision 2030.

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

Lilium NV

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The flying cars market is gaining traction, with companies making steady progress toward making electric vertical takeoff and landing vehicles (eVTOLs) commercially available. Certifications from regulatory authorities like the FAA boost confidence in this transformative sector, presenting investors with a potential opportunity. However, just because an industry is on the rise doesn&rsquo;t mean all companies within it will succeed. So, which of the many <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a> top the competition and have the potential to lead this revolutionary new industry?&nbsp;</p>



<p>Today, I&rsquo;ll attempt to answer that question. To get my list of top flying car stocks, I screened the market using the following criteria:&nbsp;</p>



<ul><li>Companies operating in the flying car space</li>



<li>Minimum of a Buy rating</li>



<li>Positive price performance for July 2024</li>
</ul><p>I sorted the list from the highest to the lowest based on their monthly price performance. </p>



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/achr1600-2-300x169.png" alt="Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>As the iPhone is synonymous with <strong>Apple </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/aapl-stock-quote/"><strong>AAPL</strong></a></span>), when someone talks about flying cars, <strong>Archer Aviation </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/achr-stock-quote/"><strong>ACHR</strong></a></span>) comes to mind. The company is a top contender in the race for commercialization. It recently received the <a href="https://investors.archer.com/news/news-details/2024/Archer-Achieves-Significant-Regulatory-Milestone-FAA-Issues-Final-Airworthiness-Criteria-For-Its-Midnight-Aircraft/default.aspx">FAA&rsquo;s final airworthiness criteria,</a> bringing it one step closer to operating commercial air taxis.</p>



<p>The good news doesn&rsquo;t stop there. Archer announced a partnership with <a href="https://news.archer.com/southwest-airlines-signs-memorandum-of-understanding-with-archer-aviation-to-develop-operational-concepts-for-air-taxi-network"><strong>Southwest Airlines</strong></a> (NYSE:<span><a href="https://investorplace.com/stock-quotes/luv-stock-quote/"><strong>LUV</strong></a></span>) to develop an electric air taxi network using Archer&rsquo;s eVTOL aircraft. Southwest plans to operate this network in California, which already has a significant presence.</p>



<p>Furthermore, Archer received an additional <a href="https://news.archer.com/stellantis-invests-additional-55-million-into-archer-following-recent-flight-test-milestone">$55 million in capital infusion</a> from <strong>Stellantis </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/stla-stock-quote/"><strong>STLA</strong></a></span>) for achieving a test flight milestone. If that&rsquo;s not enough. the company also received <a href="https://news.archer.com/californias-alternative-energy-and-advanced-transportation-financing-authority-grants-archer-industry-leading-award-for-ramp-of-its-electric-powertrain-facility">significant incentives</a> from the California Alternative Energy and Advanced Transportation Financing Authority, or <a href="https://news.archer.com/californias-alternative-energy-and-advanced-transportation-financing-authority-grants-archer-industry-leading-award-for-ramp-of-its-electric-powertrain-facility">CAEATFA.</a>&nbsp;</p>



<p>Furthermore, the company&rsquo;s 2023 financial report had several pleasant surprises for investors. Since Archer is developing its eVTOL, Midnight, using parts from leading aerospace providers with strong certifications, it has a significantly higher chance of breezing through its certifications, making it all the easier to reach commercialization.</p>




<p>&ldquo;[This year] will be all about building conforming Midnight aircraft to be used in piloted for credit testing with the FAA and completing the build out, alongside Stellantis, of our volume manufacturing facility in Georgia,&rdquo; said <a href="https://investors.archer.com/news/news-details/2024/Archer-Announces-Fourth-Quarter-and-Full-Year-2023-Results-Now-In-Final-Phase-of-Midnights-Certification-Program-as-it-Readies-for-Launch-in-2025/default.aspx">CEO Adam Goldstein.</a> &ldquo;We&rsquo;re not just innovating within the realm of transportation, we&rsquo;re redefining it, turning once-dreamt-of flying cars into an everyday reality.&rdquo;</p>




<p>These continuous developments put the company at the top of the flying car stocks bound for explosive growth. <a href="https://www.nasdaq.com/market-activity/stocks/achr/analyst-research">Analysts rate</a> ACHR stock as a Strong Buy, with a potential 77% upside.&nbsp;</p>



<h2>Joby Aviation (JOBY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/joby1600-2-300x169.png" alt="Smartphone with logo of American eVTOL company Joby Aviation on screen in front of business website. Focus on center-left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Joby Aviation</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/joby-stock-quote/"><strong>JOBY</strong></a></span>) is the other leading contender in the eVTOL commercialization race. Following over 1,500 eVTOL flights, the company has met the FAA&rsquo;s airworthiness criteria and initiated system-level tests, making it the <a href="https://www.jobyaviation.com/news/joby-reports-first-quarter-2024-results/">first electric air taxi company</a> to achieve this status.</p>



<p>Recently, Joby released <a href="https://www.jobyaviation.com/news/joby-announces-elevate-os-software-suite-air-taxi-operations/">proprietary software</a> to support on-demand air taxi operations. This software has undergone two years of real-world testing and received FAA authorization by Joby&rsquo;s Part 135 organization.</p>



<p>Additionally, Joby Aviation recently presented a <a href="https://www.jobyaviation.com/news/joby-demonstrates-potential-regional-journeys-landmark-hydrogen-electric-flight/">523-mile hydrogen-electric flight demonstration.</a> This is the first hydrogen-electric air taxi using the same frame as Joby&rsquo;s eVTOL but featuring a liquid hydrogen fuel tank. It was designed and built with its subsidiary H2FLY. The hydrogen fuel tank produces water as its only by-product, marking a significant step in sustainable aviation technology and courting the interest of flying cars and ESG enthusiasts alike.</p>



<p>As of May 2024,  Joby is at <a href="https://joby-site.cdn.prismic.io/joby-site/Zjosb0MTzAJOCnBG_Joby2024Q1FinancialReport.pdf">Stage 4 (Testing and Analysis) of its 5-stage roadmap</a> to complete certification. Indeed, it is racing toward the finish line, and I wouldn&rsquo;t be surprised if it&rsquo;s the first one to a full commercial launch. </p>



<p>With a strong roadmap to commercialization, JOBY stock has a <a href="https://www.nasdaq.com/market-activity/stocks/joby/analyst-research">Buy rating</a> from Wall Street analysts and is up 21.76% over the last month.</p>



<h2>Lilium NV (LILM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lilm-stock-1-300x169.jpg" alt="The website for Lilium (LILM) is displayed on a smartphone screen."><div>Source: T. Schneider / Shutterstock.com</div></div><p>The final flying car stock on the list today is <strong>Lilium NV</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lilm-stock-quote/"><strong>LILM</strong></a></span>). The company designs and manufactures eVTOL vehicles using its proprietary Ducted Electric Vectored Thrust technology. The company is currently discussing supplying its eVTOL aircraft with several potential clients.</p>



<p>Some additional announcements from Lilium NV include one of the largest acquisitions of <a href="https://investors.lilium.com/news-releases/news-release-details/saudia-group-signs-industry-leading-sales-agreement-lilium">eVTOL jets in the MENA region</a> and a binding sales agreement for 50 Lilium Jets, with an option to expand to 100. The company has also completed tests on its <a href="https://investors.lilium.com/news-releases/news-release-details/lilium-completes-successful-tests-its-revolutionary-electric-jet">electric jet propulsion unit,</a> achieving maximum thrust on its unit test bench and ensuring the safety of Lilium Jet flights.</p>



<p>Lilium currently sits among the top three performing flying car stock manufacturers and is up 12.83% this last month.&nbsp;</p>



<p>In addition to its price performance, Lilium NV has generated positive buzz, including <a href="https://lilium.com/newsroom-detail/lilium-receives-easa-design-organization-approval#:~:text=According%20to%20Lilium's%20Design%20Organization,safety%20objectives%20globally%20for%20eVTOL">qualifying for design organizational approval</a> from the European Union Aviation Safety Agency (EASA) and obtaining a full-type certificate under EASA&rsquo;s SC-VTOL rules.</p>



<p>The company has also announced that it is expanding its <a href="https://investors.lilium.com/news-releases/news-release-details/lilium-expands-power-creating-comprehensive-solutions-portfolio">POWER-ON initiative,</a> enhancing its aftermarket service portfolio. Lilium has reaffirmed its <a href="https://investors.lilium.com/news-releases/news-release-details/lilium-reaffirms-2026-target-first-customer-deliveries-and">2026 target for customer deliveries</a> and highlighted its commitment to meeting this goal. Wall Street analysts rate Lilium as a <a href="https://www.nasdaq.com/market-activity/stocks/lilm/analyst-research">Buy,</a> emphasizing its potential as a major player in the new transportation revolution.</p>



<p><em>On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</p></div><h3>More From InvestorPlace</h3>
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<p>Price pullbacks are healthy for the stock market, happening at a 15% correction every other year on average. The recent market correction offers <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a> to watch an opportunity for the big future play.</p>



<p>Whether one calls them air taxis, eVTOLs or flying cars, electrified air transportation is a natural outgrowth of miniature quadcopter technology. Across many variations, their main advantage is to take off and land vertically in urban zones without producing enormous noise like helicopters.</p>



<p>Not counting logistics delivery, air taxi service alone is projected to grow at a CAGR of 20.24%, from $3.68 billion in 2023 to $15.27 billion by 2031, per Kings Research. However, companies have to overcome many regulatory and technical challenges to make it happen.&nbsp;</p>



<p>Here are the three flying car stocks to watch as the most likely to succeed in jumping over those hoops with flying colors.</p>



<h2>EHang Holdings Limited ADS (EH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/eh1600-1-300x169.png" alt="Flying taxi or Car-drone-EHang 216 exhibited by Prestige Image Motor Cars at the 2023 Indonesia International Motor Show (IIMS) at JIExpo Kemayoran. EH stock"><div>Source: Toto Santiko Budi / Shutterstock.com</div></div><p>Similar to <strong>Serve Robotics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/serv-stock-quote/"><strong>SERV</strong></a>), China&rsquo;s<strong> EHang</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/eh-stock-quote/"><strong>EH</strong></a>) develops its own autonomous aerial vehicles (AAVs) for urban air mobility. However, while Serve relies on <strong>Magna International </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/mga-stock-quote/"><strong>MGA</strong></a>) to manufacture its grounded sidewalk robots, EHang manufactures its own drones like the EH216-S.</p>



<p>Therefore, EHang should not be viewed as a robotics-as-a-service (RaaS) company. More ambitious, EHang is forging partnerships with cities to pave the road for the emerging low-altitude economy rather than supplement existing delivery services. This includes AAV solutions for commercial (passenger and cargo) airlines, logistics (delivery) and aerial tourism.&nbsp;</p>



<p>So far, the company established strategic partnerships with Shenzhen, Guangzhou, Ll&iacute;ria in Spain, Lyon in France and <a href="https://www.ehang.com/news/1083.html#:~:text=EHang%20expanded%20into%20the%20UAE,drive%20eVTOL%20development%20in%20the" target="_blank">Dubai</a> in UAE. With EHang&rsquo;s lower range of up to 40km and payload of up to 260kg, the company is counting on mass production of cheaper AAVs in metropolitan areas.</p>



<p>In regulatory-friendly China, at the end of July, the company delivered 10 units to Xishan Tourism after having completed passenger-carrying flights and receiving Air Operator Certificate. To bolster its portfolio of AAVs, EHang also has variants EH216-F (firefighting), EH216-L (logistics) and the pilotless VT-30 for longer-range 2-passenger flights of up to 300 km.</p>



<p>Presently priced at $11.70, EH stock is widely perceived as a &ldquo;buy&rdquo; according to WSJ data with an average price target of $26.30 per share.</p>



<h2>Lilium (LILM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lilm-stock-1-300x169.jpg" alt="The website for Lilium (LILM) is displayed on a smartphone screen."><div>Source: T. Schneider / Shutterstock.com</div></div><p>At the end of May&rsquo;s EBACE2024 event in Geneva, German <strong>Lilium </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/lilm-stock-quote/"><strong>LILM</strong></a>), one of the top flying car stocks to watch, revealed its full-scale <a href="https://www.youtube.com/watch?v=K-ladXSda1w" target="_blank">Lilium Jet eVTOL model</a>. After extensive flight and engine testing, Lilium Jet is the prime candidate for scaled Regional Air Mobility (RAM) rollout.&nbsp;</p>



<p>In July, the oil-rich Saudis were confident enough to forge a binding sales agreement for 50 Lilium Jets, with an option for 50 more. In fact, 2024 is looking to be the milestone year for Lilium as the company cements its international presence across the U.K., U.S., and China.</p>



<p>At the same time as EBACE2024 took place, UK&rsquo;s Volare Aviation, managing chartered flights with helicopters and jets, ordered 4 Lilium Jets while reserving up to 12 more. Of particular note indicating Lilium&rsquo;s seriousness is the company&rsquo;s POWER-ON platform which makes it a compelling pick.</p>



<p>Just like <strong>Nvidia </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) tied its AI-training framework with its chips, Lilium&rsquo;s February launch of POWER-ON makes it easy for companies to integrate eVTOL services. Dusting Dryden, eVolare founder, summed it up in highly favorable terms.</p>



<p>&ldquo;&hellip;between their support and services organization &ndash; Lilium POWER-ON &ndash; their regulatory support with authorities, and their experience with ground infrastructure development, we fully trust Lilium to be the best eVTOL partner&hellip;&rdquo;</p>



<p>Combined with the technical capabilities of Lilium Jet, and the company&rsquo;s plan for up to 100-passenger eVTOLs, Lilium is likely to become a household name when thinking about air taxis of the future. At this incipient stage, this makes LILM of the top flying car stocks to watch.</p>



<p>Presently priced at $0.7767 per share, LILM stock is forecasted for an average price target of $1.94 according to WSJ.</p>



<h2>Joby Aviation (JOBY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/joby1600-2-300x169.png" alt="Smartphone with logo of American eVTOL company Joby Aviation on screen in front of business website. Focus on center-left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>What Lilium represents for Europe, <strong>Joby Aviation</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/joby-stock-quote/"><strong>JOBY</strong></a>) represents for the US. In early 2020, <strong>Toyota </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/"><strong>TM</strong></a>) committed $394 million to Santa Cruz-based company, signaling a strong likelihood of its success given Toyota&rsquo;s legacy track record.</p>



<p>Not only does <a href="https://www.jobyaviation.com/news/joby-and-toyota-expand-partnership-long-term-supply-agreement/" target="_blank">Toyota provide</a> Joby&rsquo;s key actuator and powertrain components, but scaling operations as well courtesy of the Toyota Production System. This is critical to forge a large stake in the mobility air market early on. Joby&rsquo;s first exhibition taxi flight happened in November 2023 in New York City.&nbsp;</p>



<p>It is also notable that <strong>Delta Airlines</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/"><strong>DAL</strong></a>) picked Joby Aviation for home-to-airport air taxi services. Delta Airlines ranks first with nearly 25% market share as of Q2 2024. The company achieved a record operating <a href="https://tokenist.com/delta-air-lines-misses-revenue-expectations-in-q2-eps-in-line/#:~:text=The%20company%20achieved%20a%20record%20operating%20revenue%20of%20%2416.7%20billion%2C%20with%20an%20adjusted%20figure%20of%20%2415.4%20billion" target="_blank">revenue of $16.7 billion</a>, with an adjusted figure of $15.4 billion.&nbsp;</p>



<p>After the initial investment of $60 million in October 2022, Delta left a $200 million leeway as Joby Aviation crosses air taxi milestones.</p>



<p>So far, Joby applied to have its commercial passenger services in the US, the UK, Japan, and Australia. The latter is a part of the bilateral agreement between the US and Australia for FAA-type certification. By early 2026, the company will launch a commercial air taxi service in Dubai.&nbsp;</p>



<p>Presently priced at $5.18, JOBY is forecasted to reach $7.40 as the average price target per WSJ. The high ceiling is $11 in the short term.&nbsp;</p>



<p><em>On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/XtC3C1wq33iErOvYSGOsXg?domain=investorplace.com/">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/08/q3s-rising-stars-3-flying-car-stocks-for-your-must-watch-list/">Q3&#8217;s Rising Stars: 3 Flying Car Stocks for Your Must-Watch List</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p>The flying car industry is evolving&nbsp;at a rapid rate&nbsp;due to the integration of various technologies and funding by corporations. By 2025, the sector&nbsp;is expected&nbsp;to grow tremendously with electric vertical take-off and landing (eVTOL) vehicles as the new generation of transport. These innovations aim to change the way people move around in cities, how disasters are managed, and even how healthcare&nbsp;is delivered&nbsp;to people in remote regions of the globe. As a result of some fears and anxieties in the market, there are some&nbsp;<a target="_blank" href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a>&nbsp;to buy on the dip. Now could be a great time to consider these options.</p>



<p>These <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a> could be the hottest investments available as the industry is expanding rapidly.&nbsp;Notably, some estimates put the&nbsp;annual growth rate of the industry&nbsp;at a&nbsp;<a target="_blank" href="https://www.alliedmarketresearch.com/flying-car-market-A12515#:~:text=The%20global%20flying%20car%20market,with%20a%20CAGR%20of%2037.8%25.">strong</a>&nbsp;34% through 2035. I personally believe&nbsp;then&nbsp;that now could be a great time for investors to consider these three flying car stocks&nbsp;to buy&nbsp;on the dip as they won&rsquo;t stay cheap for much longer.</p>



<h2>Joby Aviation (JOBY)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/joby1600-2-300x169.png" alt="Smartphone with logo of American eVTOL company Joby Aviation on screen in front of business website. Focus on center-left of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Joby Aviation</strong>&nbsp;(NYSE:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/joby-stock-quote/">JOBY</a></strong>) is one of those flying car stocks to buy on the dip&nbsp;as the company&rsquo;s&nbsp;stock price has cratered 24.05% over the past month.</p>



<p>I think that&nbsp;JOBY is a&nbsp;stronger&nbsp;buy now&nbsp;more&nbsp;than ever before.&nbsp;First off, Joby&rsquo;s production ramp-up is nothing short of stellar.&nbsp;They&rsquo;re&nbsp;<a target="_blank" href="https://aerospaceglobalnews.com/news/joby-expects-to-have-four-flying-aircraft-during-next-quarter/">on track</a>&nbsp;to have four production prototype aircraft in flight testing by Q3 2024, as announced recently.&nbsp;As they say, &ldquo;iron sharpens iron,&rdquo; and having multiple prototypes in the air will be a litmus test of each&rsquo;s capabilities and which can drive the most sales and earnings.</p>



<p>I think that JOBY could&nbsp;start providing strong returns to shareholders&nbsp;soon. They&rsquo;ve already completed over a third of Stage 4 testing and analysis, with management expecting &ldquo;progress to accelerate in the remainder of 2024.&rdquo; This&nbsp;then I think&nbsp;makes JOBY a buy, as the market could react strongly to this news throughout the week.</p>



<h2>Lilium (LILM)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lilm-stock-1-300x169.jpg" alt="The website for Lilium (LILM) is displayed on a smartphone screen."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Lilium</strong>&nbsp;(NASDAQ:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/lilm-stock-quote/">LILM</a></strong>) is one of my favorite flying car stocks for investors&nbsp;to buy. The company&rsquo;s stock price has tanked substantially, losing 32.89% of its value over the past year. But let&rsquo;s dissect the bull case: Lilium secured a&nbsp;<a target="_blank" href="https://lilium.com/newsroom-detail/lilium-releases-full-year-and-fourth-quarter-2023-shareholder-letter">transformative</a>&nbsp;agreement with Saudia Group for up to 100 of its VTOL jets. With deliveries penciled in for 2026, I think that LILM could be on track to deliver profits for shareholders faster than many realize.</p>



<p>Another&nbsp; particularly intriguing facet of Lilium&rsquo;s strategy is the development of its aftermarket service business, POWER-ON. This is Projected to generate $5 billion in recurring revenue by 2035. Given these accretive factors, I believe that LILM stock deserves to trade at a higher valuation than it does now, and its&nbsp;market cap of $469 million still provides plenty of upside for it to grow into a potential&nbsp;multibagger&nbsp;in the future.</p>



<h2>Blade Air Mobility (BLDE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/blde-stock-1-300x169.jpg" alt="The Blade Air Mobility (BLDE) logo displayed on a smartphone screen."><div>Source: Wirestock Creators / Shutterstock.com</div></div><p><strong>Blade Air Mobility&nbsp;</strong>(NASDAQ:<strong><a target="_blank" href="https://investorplace.com/stock-quotes/blde-stock-quote/">BLDE</a></strong>) is positioned uniquely as part of this list of flying car stocks to buy on the dip. It achieved its first Q2 with positive Adjusted&nbsp;<a target="_blank" href="https://ir.blade.com/news-events/press-releases/detail/102/blade-air-mobility-announces-second-quarter-2024-results">EBITDA</a>&nbsp;as a public company, showing a $5.4 million improvement year-over-year to reach $1 million.</p>



<p>What makes the firm unique is that its vehicles have a rising potential for use in organ transportation. Transporting organs quickly is vital for maintaining patient health. The Medical segment saw the highest quarterly&nbsp;Medical&nbsp;revenue since inception at $38.3 million, a 6.4% sequential increase from Q1 2024.</p>



<p>BLDE might be the dark horse in the race for flying car stocks as it has experienced the largest decline in its stock price at 69.13% over the past five years. However, from here&nbsp;things look it&nbsp;they are steadily improving, thus making it one of those companies investors should keep their eyes on.</p>



<p><em>On the&nbsp;date of publication, Matthew Farley did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed are those of the writer, subject to the<a target="_blank" href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">&nbsp;</a></em><a target="_blank" href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">InvestorPlace.com Publishing Guidelines</a>.</p>



<p><em>On the&nbsp;date of publication, the responsible editor did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em></p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/08/3-flying-cars-stocks-to-buy-on-the-dip-august-2024/">3 Flying Cars Stocks to Buy on the Dip: August 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Flying Cars Stocks to Buy on the Dip: August 2024

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From Faster Medical Service To Global Crisis Relief – The Potential Of eVTOLs To Usher In A New Future

Screenshot 2024-03-11 at 5.46.23 PM

HYMTF

New Horizon Aircraft Report Findings: 96% Of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Press Releases

Saudia Group Signs Industry-Leading Sales Agreement With Lilium to Acquire Up to 100 eVTOL Jets

Saudia Group Signs Largest Global Agreement With Lilium to Acquire Up to 100 eVTOL Jets

General

Lilium expands POWER-ON, creating Comprehensive Solutions Portfolio with Leading Digital Innovators

Saudi Arabia's General Authority of Civil Aviation and Lilium sign MoU to collaborate on development and implementation of eVTOL regulation in the Kingdom

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Management

Lilium Welcomes Aerospace Industry Veteran Philippe Balducchi to Board of Directors

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