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Benzinga
Benzinga
Business
Henry Khederian

Archer Aviation (ACHR) Stock Soars On Tesla Partnership Speculation

ACHR Archer Archer Aviation Archer Aviation Inc Tesla Inc.
The Archer Aviation Trade

Shares of electric air taxi maker Archer Aviation Inc (NYSE:ACHR) are surging Monday afternoon, becoming a top trending stock on social media as investors speculated about a potential connection to a highly anticipated announcement from Tesla Inc (NASDAQ:TSLA). Here’s what investors need to know.

What To Know: The frenzy ignited after Archer released a promotional video last week featuring its Midnight air taxi alongside a Tesla vehicle and its Optimus robot. The rumors intensified when Tesla’s social media account posted a cryptic video of its logo on a spinning propeller-like object, teasing an announcement for Tuesday.

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