I mentioned here back in May that Terrafugia was developing a second generation flying car called the TF-X™. Unlike the company’s current Transition® roadable airplane, the TF-X will take-off and land vertically while also being able to be driven on roads.
Recently the FAA granted Terrafugia permission to test a 1/10 scale unmanned prototype of the TF-X: FAA Grants Terrafugia sUAS Exemption for TF-X™ Flight Testing – Terrafugia.
Here is a video showing how the TF-X would operate: