Why "Flying Car" Stocks Were Grounded This Week

Lou Whiteman, The Motley Fool

December 8, 2022 at 3:16 p.m.·3 min read

Why "Flying Car" Stocks Were Grounded This Week

Aerospace start-up Lilium (NASDAQ: LILM) provided a financial update this week, and it served as a reminder to investors about how much risk remains in the race to launch a small, battery-powered plane that some have likened to a flying car. The news caused investors to back away from a number of companies pursuing a similar goal. Shares of Lilium, Archer Aviation (NYSE: ACHR), and Joby Aviation (NYSE: JOBY) were all down about 15% for the week as of late Thursday, according to data provided by S&P Global Market Intelligence.

Associated Press
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
Ukraine launched a barrage of drones across Russia overnight, the Defense Ministry in Moscow said Saturday, in attacks that appeared to target the country’s energy infrastructure. Fifty drones were shot down by air defences over eight Russian regions, including 26 over the country’s western Belgorod region close to the Ukrainian border.
2 minutes ago
BBC
Taylor Swift: How The Tortured Poets Department album lyrics captured modern dating despair
From exes who wasted our time, to comfort-eating after a breakup. We've all been there and so has Swift.
3 minutes ago
Digital Spy
RuPaul's Drag Race announces All Stars 9 release date
RuPaul's Drag Race has just announced the release date for All Stars 9.
5 minutes ago
BBC
Man struck and killed on motorway
The 48-year-old was struck by a lorry between junctions 2 and 3 on the northbound M57 in Knowsley.
6 minutes ago
BBC
Scottish Greens to vote on SNP power-sharing deal
The Scottish Greens have called an EGM after the Scottish government ditched key climate change targets.
6 minutes ago
USA TODAY
Starbucks workers brought a news crew to a closed coffee shop. Should they have been fired?
Union supporters see the case as a corporate backlash to a rise in labor organizing. SpaceX, Amazon, and Trader Joe’s all want to change Biden's labor board.
10 minutes ago
BBC
Event to commemorate role of Indian soldiers
The multi-faith event will take place at the India Gate in Brighton's Royal Pavilion Gardens.
10 minutes ago
BBC
Marathon runner, 84, to run 522nd marathon after surgery
Pat Seabrook has taken on 32 London Marathons and will watch "for the first time in years".
10 minutes ago
The Guardian
‘Every penny has a purpose’: the rise of zero-based budgeting
Growing social media interest in method of tracking spending and saving prompts banks to get in on the act
11 minutes ago
The Guardian
‘Kardashian children are sharing skincare routines’: experts on gen Z’s ageing fixation
As younger and younger people buy anti-ageing products, we look at the influences behind the trend
11 minutes ago
The Guardian
‘The model loved the departure from traditional portraiture’ – Kamzy Nuel’s best phone picture
The vibrant colours of Lagos take centre stage in this bold image by the Nigerian photographer
11 minutes ago
The Telegraph
Chinese Grand Prix 2024: When is the race, sprint, qualifying, where to watch
Formula One returns to China this month after a five-year hiatus because of complications related to the Covid pandemic. This year also marks the 20th anniversary of the race at the Shanghai International Circuit.
11 minutes ago
Kansas City Star
Street racing and sideshows persist in KC despite police efforts. What’s the solution?
Kansas City police have made arrests and given dozens of citations during illegal sideshows this spring. Car enthusiasts say there’s more work to be done.
11 minutes ago
Fort Worth Star-Telegram
‘I felt like I was dying’: How Fort Worth brewery owner got back to work after cancer
He started feeling awful two years ago. Maybe he was just getting older, the 56-year-old thought. But the aches and pains wouldn’t go away. So, he went to see his doctor.
11 minutes ago
The Telegraph
Too much screen time has turned my daughter into Gollum – and it’s my fault
Something odd happened when I was reading my ten-year-old daughter Penelope a bedtime story the other day. It was what you might call a “meta” moment. Earlier that afternoon we’d had another argument about her iPad, a depressingly common confrontation that always provides a picture of your uselessness as a parent.
11 minutes ago
CBC
The stage is set for an amphibian stampede on Campobello Island
All it takes is one perfect spring night. The temperature hovers around a hospitable 5 C, perhaps with some light rain to sweeten the deal."That is a cue for amphibians that live in vernal pools that is time for them to make their big move out of the vernal pool into the broader forest environment," said Pete Coleman in an interview with Information Morning Saint John.Coleman is with Roosevelt Campobello International Park on Campobello Island, N.B., which is preparing for its second annual so-c
11 minutes ago
CBC
Anonymous donor to match up to $170K in April donations to Canadian Cancer Society
Before February 2019, John Zeus Tokatlidis couldn't have imagined a simple physical exam would shake up his life. But the doctor found a lump, Tokatlidis was diagnosed with Stage 4 non-Hodgkin's lymphoma, and he now lives with advanced cancer. "It just felt like I lost my footing on the world," he said. "I was terrified."Tokatlidis credits the financial donations people make to charities like the Canadian Cancer Society with making possible the treatments that have helped save his life.April mar
11 minutes ago
CBC
Sask. arts mentorship program focused on northern communities awarded significant grant
A Saskatchewan arts non-profit that works with remote communities has secured a big funding boost from a national initiative focused on empowering Indigenous people."When I first heard the news, I was just emotional and overwhelmed because this work that we're doing, it's not just work. It's meaningful, spiritual work," said Holly Yuzicapi, an Indigenous artist and the co-founder of non-profit Community Arts Mentorship Programming (CAMP).CAMP will receive $175,000 per year for four years from a
11 minutes ago
Fort Worth Star-Telegram
‘Yellowstone’ stars, Four Sixes Ranch help out victims of Texas Panhandle wildfires
These Hollywood stars and famous cowboy ranch are teaming up to raise money to help victims of the Smokehouse Creek and Windy Deuce wildfires.
11 minutes ago
The Telegraph
Why Joe Biden’s real enemy is the price of oil
His economy is growing, he faces no criminal charges – unlike his opponent – and his fund-raising is going well.
11 minutes ago

Latest Stories