It's still not a flying car, but it certainly does fly.
The Terrafugia Transition street-legal aircraft made its first public flight earlier this week at the EAA AirVenture air show in Oshkosh, The Times reports.
The vehicle, which can fold its wings to be driven on public roads at speeds up to 65 mph and parked in a typical household garage, flew above the gathered crowd of aircraft enthusiasts for about 10 minutes.
The Massachusetts-based company prefers to call it a roadable aircraft, rather than a flying car, given that it's designed to be used primarily in the air while offering the convenience of public road travel to and from airports.
The company says it currently has about 100 deposits for the $279,000 multi-purpose vehicle, and production is scheduled to begin in 2015.