Archer Aviation Inc (ACHR) Quote

California’s Alternative Energy And Advanced Transportation Financing Authority Grants Archer Industry Leading Award For Ramp Of Its Electric Powertrain Facility

Business Wire - Wed Jul 17, 1:06PM UTC
Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717982467/en/

In May of this year, Archer announced the completion of installation of its high-volume battery pack manufacturing line at its facility in San Jose, California. Archer’s facility is designed for high-volume production from day one with the capability of producing up to 15,000 of Archer’s proprietary battery packs per year at full capacity. This facility will produce the battery packs needed to support the ramp up of Archer’s electric aircraft production planned for 2025 and beyond.

“We are proud to receive this award from CAEATFA and represent the cutting-edge of transportation innovation that the State of California is backing,” said Archer founder and CEO, Adam Goldstein. “As a leader in the electrification of aviation, we are working hard to help California meet its most ambitious climate goals.”

“America's global competitiveness is strongest when we embrace innovation into our daily lives,” said Congressman Eric Swalwell. “I applaud Archer’s leadership to draw more cutting-edge businesses to California while creating more jobs for American workers. Archer's advanced electric powertrain solutions will help power the future of sustainable aviation. I look forward to seeing the next groundbreaking discoveries from them here in our State.”
Archer’s goal is to transform urban travel, replacing 60–90-minute commutes by car with estimated 10–20-minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charging time between flights.

About Archer
Archer is a leader in the electrification of aviation. We are designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Our goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world. To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s future business plans, including statements regarding its aircraft performance, production volume and expansion of its manufacturing facilities, and the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
Text: ArcherIR

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717982467/en/

How will the electric air taxi network impact Southwest Airlines' market share in urban areas?

The electric air taxi network is poised to enhance Southwest Airlines' market share in urban areas by offering a competitive edge through efficient and sustainable transportation options.

1.Market Share Enhancement: By integrating Archer's eVTOL aircraft into their operations, Southwest Airlines will be able to provide a unique and innovative transportation service, especially in busy urban areas where traditional ground transportation options face challenges due to traffic congestion. This move is expected to attract more customers, potentially increasing Southwest's market share in urban areas

2.Customer Experience Improvement: The electric air taxi network aims to offer a safe, low-noise, and cost-competitive transportation option with zero direct emissions, which aligns with Southwest's goal of providing an unparalleled customer experience. The enhanced travel experience, including faster airport transportation, could lead to increased customer satisfaction and loyalty, thereby expanding Southwest's market share.

3.Strategic Expansion: The partnership with Archer Aviation allows Southwest to assess future commercial activities in California and other Southwest locations, indicating a strategic expansion into markets where electric air taxis can provide a competitive advantage. This expansion is likely to contribute to Southwest's overall market share growth.

4.Market Positioning: By embracing electric air taxis, Southwest will position itself as a leader in sustainable and efficient transportation, which is becoming increasingly important to consumers. This shift in market positioning could attract new customers and retain existing ones, thereby increasing Southwest's market share in urban areas.

5.Operational Efficiency: Collaborating with Archer and other stakeholders to develop a concept of operations for integrated electric air taxi networks will ensure efficient operations and seamless integration with Southwest's existing flight network. This operational efficiency is expected to contribute to Southwest's ability to capture a larger market share in urban areas.

In conclusion, the electric air taxi network is expected to positively impact Southwest Airlines' market share in urban areas by leveraging the benefits of eVTOL technology, enhancing the customer experience, and positioning Southwest as a leader in sustainable transportation. These factors are likely to attract new customers and retain existing ones, leading to a higher market share.

What are the projected costs and revenue benefits of the electric air taxi network for Southwest Airlines?

The projected costs and revenue benefits of the electric air taxi network for Southwest Airlines can be analyzed as follows:

1.Costs:

Investment in eVTOL Aircraft: Southwest has committed to a $1 billion order from United Airlines for Archer's eVTOL aircraft, indicating a significant upfront cost.

Infrastructure Development: The implementation of the electric air taxi network will require the development of vertiports, charging infrastructure, and air traffic management systems, which could involve substantial capital expenditures.

Operational Costs: The annual operating costs for the eVTOL aircraft, including maintenance, pilot salaries, insurance, and electricity, are estimated to be $24,770,3504.

2.Revenue Benefits:Increased Revenue Passenger Miles: As the electric air taxi network expands, it is likely to increase Southwest's revenue passenger miles, as it offers a faster and more efficient way to reach airports in urban areas5.

Enhanced Market Position: By being at the forefront of sustainable transportation and urban air mobility, Southwest may attract new customers and retain existing ones, potentially leading to higher revenue and market share6.

Cost-Competitive Transportation: The eVTOL aircraft aims to offer a cost-competitive transportation option, which could attract price-sensitive customers and contribute to higher revenues.

Door-to-Door Service Integration: The collaboration with Archer may allow Southwest to offer a door-to-door service, potentially increasing customer convenience and loyalty, thereby boosting revenues.

In conclusion, while the implementation of the electric air taxi network comes with significant upfront costs, the revenue benefits could include increased revenue passenger miles, enhanced market position, cost-competitive transportation, and the integration of a door-to-door service. These benefits, combined with Southwest's commitment to sustainability and innovation, position the airline favorably for future growth and profitability in the evolving transportation landscape.

Chart looks like Elliot wave?..bought .645 for trade ...

Kick myself for failing to buy greystone $13's, abandoned hopes in management ACHR, alas do I see Elliot wave here? To buy warrants .63, 4, 5? For trade ..

Yup lol....I have my crypto and one other penny stock lol....This one might be a dud but I'm doing very good thanks to front loading crypto

We have lift off. :)

Stinker bid here for step 5 Elliot wave lol ...

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Instead of tuna salad we got chicken salad on rye untoasted with a side of potato salad and a cup of tea! Lol

The Costanza curse... do just the opposite.😁

I reverse jinxed it worked perfectly

Or not.

Will probably close red

NEWS: Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone

* Investment from Stellantis under the companies’ strategic funding agreement builds on the $39 million worth of open market purchases of Archer stock that Stellantis completed earlier this year, and the $110 million investment made by Stellantis in Archer during 2023

* Construction nears completion on Archer’s high-volume manufacturing facility in Covington, GA, which is on track to be completed later this year

AMSTERDAM & SANTA CLARA, Calif., July 02, 2024--(BUSINESS WIRE)--Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.

This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year that was previously announced. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement.

Archer remains on track to complete construction of its high-volume manufacturing facility in Georgia later this year. This first phase of the build out is a ~350,000 square foot facility on an ~100 acre site designed to support production of up to 650 aircraft annually, which would make it one of the largest manufacturing facilities by volume in the aircraft industry. Archer’s goal with this facility remains to establish a factory that can support its planned commercial ramp up by leveraging the expertise of Stellantis as its contract manufacturer.

"Few things rival the excitement of seeing a dream take flight. I applaud the innovation, expertise and hard work of the engineering and manufacturing teams from Stellantis and Archer," said Carlos Tavares, Stellantis CEO. "With this additional investment in Archer, we remain on course for a future where freedom of mobility extends beyond today’s roads."

"The commitment by Stellantis to Archer has been unrivaled, from its foresight to provide the manufacturing expertise and capital needed to accelerate Archer’s business objectives, to the strategic vision and steadfast support from Stellantis CEO Carlos Tavares," said Archer CEO, Adam Goldstein. "Together, we’re working to redefine urban transportation, opening new worlds of opportunity for citizens across the globe by providing more efficient access to people, places, and events across the regions they live in."

Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives, and as an investor since 2021. During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.

Archer’s goal is to transform urban travel, replacing 60–90 minute commutes by car with estimated 10–20 minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

Lol my god

All depends on tomorrow, it’s very important that this $3.47 support holds

Right on cue

I wouldn’t be surprised if this dumped back to $3 it’s just the way it goes with this stock

Nice.

That's some amazing volume we have today.

13 million MOC

That's maybe being helped by one of our new partners buying in.........

Nice to see the volume kicking in!

Short Interest % of ff 28.7%

Short Interest 59.18m shares

Average cost to borrow 236.96%

Days to cover 12.25

Lol I’m frustrated as all hell

You might consider Xanax 0.25 mg twice daily....................

What a POS

CLASSIC!

Setting up for another classic performance

As a fairly frequent visitor to SF, I see where I will be getting my first "Midnight Ride".

$Lilm down as well

Nice green day for Joby I wonder why, something very wrong here

Looks like it doesn’t want to wait and will hit 2s before close. Will likely accelerate to 1s in just a few weeks

There is clearly some kind of problem here

1’s probably within a month or two

Down again today probably will reach 2’s if not today then definitely this week

Weekly chart

I’m losing my patience here all the stock ever does it go down. Just 3 significant green candles in the last 27 weeks

News today, stocks down… shocker

Yup back to 2’s unreal

Talk about a disconnect: Wall Street Analysts Think Archer Aviation (ACHR) Is a Good Investment: Is It?

"...
Let's take a look at what these Wall Street heavyweights have to say about Archer Aviation Inc. (ACHR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
..."
But read the entire article for context

What a joke

Extremely oversold on the weekly, great news twice in 7 days, stock price keeps going down

Hah! I’ve never read the comics but have heard the saying and love the reference. I would love it more if it was not an eVTOL but the stock price! Lol

Wednesday morning humor.

It's a bird, It's a plane. It's eVTOL!

(None of us are old enough to have heard the original, but anyone who read comics as a kid will remember
Superman 1941 Quote: "It's a bird! It's a plane! It's Superman!")

Or not

Sub 3 incoming

Bullcrap

Hell yea we will! Lol