Archer Aviation Stock Plummets 25% Following Leadership Shakeup at Key Investor

The flying-taxi startup sees valuation volatility as Stellantis CEO resignation raises concerns over future funding commitments.

Archer Aviation's stock dropped 25% in a single day after a month of dramatic gains driven by meme stock momentum and short-squeeze dynamics.
The resignation of Stellantis CEO Carlos Tavares has fueled investor uncertainty about the automaker's continued financial backing of Archer's manufacturing efforts.
Stellantis, a major investor in Archer, was expected to provide nearly $400 million in additional funding, but its future commitment is now unclear.
Archer Aviation remains in a pre-revenue phase, requiring significant capital to scale production and secure regulatory approvals for its Midnight flying taxis.
Analysts highlight the speculative nature of the eVTOL market, with Archer's $6 billion order book and regulatory progress offering potential but uncertain long-term prospects.