Archer Aviation Stock (ACHR) Soars on Tesla Partnership Speculation

Archer Aviation's stock surged 17% on Monday, extending a 14% gain from Friday, fueled by rumors of an impending partnership with Tesla. The speculation ignited after Archer released a promotional video featuring its Midnight eVTOL aircraft alongside Tesla's electric vehicle and Optimus robot. Investors are betting that a high-profile collaboration could accelerate Archer's commercial launch and bolster its flying taxi ambitions.

Tesla added to the buzz with a cryptic Sunday post on X, showcasing a rotating turbine-like object bearing its logo and teasing a major October 7 announcement. Archer's stock has climbed 74% over six months, driven by progress in Midnight's development and key partnerships with United Airlines and the 2028 LA Olympics. The company is advancing toward FAA certification, signaling tangible momentum in urban air mobility.