Archer Aviation (NYSE: ACHR) manufactures electric vertical takeoff and landing (eVTOL) aircraft, less formally known as air taxis. It's an industry that's in its infancy, and only time will tell whether this market "takes off" (pun fully intended).

Wagering on eVTOL stocks is highly speculative and involves high risk in the quest of substantial potential rewards. Besides, even if air taxis become commonplace someday, there's no assurance that Archer Aviation will achieve a leadership position within the industry.

There are two ways you can manage your risk if you're excited about this opportunity. But before we get into that, let's take a closer look at Archer Aviation.

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Source Fool.com