ACHR Stock Recent News

Air mobility specialist Archer Aviation (NYSE: ACHR ) — which specializes in developing electric vertical takeoff and landing (eVTOL) aircraft — saw its shares dip on Monday amid a slow day on Wall Street. Still, the fundamentals appear positive as Archer has ironed out a major deal with automotive giant Stellantis (NYSE: STLA ).

Electric vertical takeoff and landing (eVTOL) aircraft certainly present an intriguing opportunity for growth investors. The potential for these air taxis to completely transform urban mobility makes the various flying car stocks I'm going to discuss in this article worth considering.

The flying car industry is ready to transform personal and urban mobility. This forms the backdrop of my list of flying car stocks to buy, that I think could make your summer unforgettable.

Los Angeles is known for many things, including heavy traffic. But one company is taking steps to address this long-standing problem with its flying car futuristic technology.

Air mobility specialist Archer Aviation (NYSE: ACHR ) saw its shares fall sharply, about 6%, despite a spate of positive developments. A manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, Archer just came off better-than-expected results for the second quarter.

Archer, a pre-revenue company, as expected posted a loss in its most recent quarter. The company raised $175 million in additional capital from existing shareholders, causing some near-term dilution.

Archer Aviation Inc. (NYSE:ACHR ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Eric Lentell - General Counsel Adam Goldstein - Founder and CEO Mark Mesler - CFO Tom Muniz - CTO Conference Call Participants Savi Syth - Raymond James Bill Peterson - JPMorgan Edison Yu - Deutsche Bank Austin Moeller - Canaccord Josh Sullivan - The Benchmark Company David Zazula - Barclays Operator Good afternoon. Thank you for attending today's Archer Aviation Q2 '24 Operating Financial Results Conference Call.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the second quarter ended June 30, 2024. The Company issued a shareholder letter discussing those results, as well as its third quarter 2024 estimates. The shareholder letter may be accessed on the Company's investor relations website here. Commenting on second quarter 2024 results, Adam Goldstein, Archer's CEO said: “This has been one of Archer'.

Archer Aviation said on Thursday it plans to launch an air mobility network in Los Angeles, with operations beginning as early as 2026.

As broad market sentiment turns negative, short sellers are striking while the iron is hot. They are upping their bearish bets on risky stocks like Archer Aviation (NYSE: ACHR ).