Overview

• Archer flew its Midnight air taxi in display runs on both days of the California International Air Show in Salinas, where the company operates a test facility.
• Shares rose 17.89% Monday to $13.64 after a Tesla teaser video and an Archer promo featuring a Tesla vehicle and Optimus robot fueled unconfirmed partnership speculation.
• Archer declined to confirm any relationship with Tesla, and details of Tesla’s teased announcement were not disclosed at the time of reporting.
• Recent piloted test milestones include a 55-mile flight completed in 31 minutes and altitude flights reaching 7,000 and 10,000 feet.
• Archer cites six Midnight aircraft in production and three in final assembly, holds FAA Part 135 authorization, and secured a $500 million Soracle order for 100 aircraft to support services in Japan.