Terrafugia's first flying car, The Transition, has yet to make it to production and already the Massachusetts-based aerospace firm is on to its next project.

Today, they released renderings of a tilt-rotor aircraft that could supposedly drive like a car and take off and fly like an airplane. Frankly, we are wondering what this firm is smoking. Our money is on neither of these projects ever coming to fruition (though we would absolutely love to be proven wrong). 

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[via USAToday]