Shares of Archer Aviation (NYSE:ACHR) soared as much as 18% on Monday, driven by widespread speculation linking the electric aircraft developer to a highly anticipated announcement from Tesla (TSLA).
The rumors began over the weekend after Tesla posted cryptic video teasers on the social media platform X. The clips, which featured a spinning logo with the date “10/7” and a brief shot of headlights in the dark, led investors to theorize about a potential partnership in the electric aviation sector.
This market excitement pushed Archer’s stock to its highest level since July. The shares closed Monday up approximately 16% and have accumulated a 40% gain over the past five trading days. Despite the rally, neither Archer Aviation nor Tesla has confirmed any connection, and no public filings substantiate the rumored collaboration.
The incident highlights how quickly unconfirmed speculation fueled by social media can influence market sentiment. The rally is detached from the company’s fundamentals, as Archer remains an early-stage manufacturer focused on securing regulatory approvals for its electric vertical takeoff and landing (eVTOL) aircraft and has yet to generate steady revenue. The current surge is based entirely on unproven theories, creating significant risk for investors ahead of any official announcements.
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