Archer Aviation's stock fell 10.9% yesterday and an additional 5% today following Stellantis' reported $2.68 billion loss and a Delaware court ruling allowing a shareholder lawsuit related to its SPAC merger. Despite these concerns, Archer's Midnight eVTOL is progressing well, with FAA certification expected by late 2025. The company possesses $2 billion in liquidity and a $6 billion order backlog. Archer's lean operational model and strategic partnerships enhance its competitive stance in the eVTOL market, hinting at a potentially strong long-term outlook after initial turbulence.
Archer Aviation is facing turbulent skies after its stock plummeted 10.9% yesterday and is sliding an additional 5% in morning trading today due to financial losses registered by Stellantis.
Despite the short-term turbulence, Archer's progress in eVTOL development, its commercial launch timeline, and robust financial position suggest a promising long-term outlook.
Archer's Midnight eVTOL, designed for urban trips, is on track for FAA certification by late 2025, backed by $2 billion in liquidity and a $6 billion order backlog.
While Joby Aviation may lead in certification, Archer's lean business model and strategic partnerships position it as a strong contender in the growing eVTOL market.
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