Archer Aviation Inc (ACHR) News

Yes

No.

Going lower, much lower

Archer Signs Framework Agreement For Multi-Hundred-Million Dollars To Accelerate Commercial Air Taxi Operations Across UAE
08:00:00 AM ET, 04/25/2024 - Business Wire
Archer is working with Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the region
Archer is coordinating with government partners across Abu Dhabi to develop the necessary vertiports and charging infrastructure
Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement support
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Apr. 25, 2024--Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced the signing of a framework agreement in Abu Dhabi today at the DRIFTx mobility event, held at the Yas Marina Circuit showcasing the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector. This agreement covers multi-hundred-million dollar investments to accelerate Archer’s planned commercial air taxi operations in the UAE, slated to launch as soon as next year, including in-country manufacturing, operations and training across the region. This comprehensive agreement positions Abu Dhabi as one of the world’s leaders in promoting urban air mobility, with plans to commence air taxi operations with Archer’s Midnight aircraft as soon as next year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240425145771/en/

Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement support (Photo: Business Wire)

Key components of Archer’s collaboration with ADIO include vertiport construction, operational enablement for air taxi operations in the UAE, and in-country manufacturing of Archer’s Midnight aircraft. Under the agreement, ADIO will also ensure local workforce development programmes for Emirati talent and facilitate the establishment of Archer’s international headquarters and Centre of Excellence in Abu Dhabi.

“This substantial agreement with Abu Dhabi is a pivotal moment for Archer’s commercialisation efforts across the Emirates, as it provides the catalyst to accelerate the launch of our electric air taxi service in the UAE as soon as late 2025. The agreement underscores Abu Dhabi’s strong commitment to Archer and conviction to become a global hub for urban air mobility. With Abu Dhabi’s support, we are poised to continue leading the transformation of urban transportation in the Emirate and across the globe,” said Archer founder and CEO, Adam Goldstein.

“Abu Dhabi is leading the way in accelerating the launch of electric air taxis globally, and ADIO is proud to partner with Archer as one of the world’s most innovative companies. We are excited to support Archer toward establishing its international headquarters in Abu Dhabi, and to develop a comprehensive investment framework that will accelerate its progress towards manufacturing and operating its Midnight aircraft in the UAE,” said Badr Al-Olama, Director General of ADIO.

Under this agreement, ADIO will support the development of vertiports, in collaboration with Archer and other air taxi operators, in critical locations throughout Abu Dhabi, enhancing the urban air mobility infrastructure necessary for Archer to scale operations.

ADIO and Archer first announced their memorandum of understanding at the 2023 launch of ADIO’s Smart and Autonomous Vehicles Industry (SAVI) cluster, which aims to transform the future of urban mobility globally by supporting the innovation and commercialisation of smart and autonomous vehicles across land, sea, and air. The framework agreement announced at DRIFTx with Archer represents the culmination of six months of close collaboration between the two entities.

Importantly, ADIO and Archer will continue to work with Archer’s partners to accelerate the company’s progress in the region. With the support of its early investor and UAE’s sovereign wealth fund Mubadala, Archer’s partner operators Falcon Aviation and Air Chateau, and GAL-AMMROC have announced plans to provide maintenance, repair and overhaul support for Archer’s eVTOL aircraft.

Archer’s goal is to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 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.

About Archer

Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA.

To learn more, visit www.archer.com.

Archer To Report First Quarter 2024 Operating Update and Financial Results on May 9, 2024

"SANTA CLARA, Calif., April 22, 2024--(BUSINESS WIRE)--Archer Aviation Inc. (NYSE: ACHR) will report its first quarter 2024 operating update and financial results after market close on Thursday, May 9, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results."

So far the move looks impulsive, hoping it is the start of something bigger

Not today it's green from here on. Maybe. :)

Another red day

The aviation industry is looking for its own Tesla

"United Airlines (UAL) has a $1 billion agreement with Archer Aviation (ACHR) signed several years ago to purchase up to 200 of the startup’s vertical takeoff and landing vehicles, or eVTOLs. Prior to the United deal, the California-based company partnered with European carmaker Stellantis (STLA).

On an earnings call earlier this year, Archer co-founder Adam Goldstein explained why the company took an investment from the automaker: "When I founded Archer, I knew from watching the EV industry that developing the capability to manufacture our aircraft at high volumes was perhaps the No. 1 enabler of our future success alongside the design and certification of the aircraft," he said."

Archer Opens D.C. Office; Adds Key Policy, Government, and Regulatory Affairs Leaders Under Former FAA Chief as It Prepares for Commercial Launch

As you can see, ACHR is still a significant holding for ARK Investments. The screen shots below are current as of Friday 4/19/24
This ETF is (ARKQ). As I've always previously stated, as long as Cathie continues to buy/hold, so will I.

Sub 3 very soon

Massive dump to end the day

Oversold on every metric and still performs like a raindrop on a window

Someone tell me I’m wrong

Gap down tomorrow

It’s over there’s no recovering from this drop

2s coming quick! Might skip 2 and go straight to 0

Absolute blood bath 2’s next

CLASSIC

Lmfao well that rally didn’t last very long

Here it comes everyone hold your breath we’re going under!

Just comical at this point

No end to it. 3’s on deck

May $5 calls getting a lot of play lately

Getting an EV to fly is easy. Getting one to fly for a meaningful amount of time is hard. Really hard. Notice how brief most of the videos are.

My God lol

Nice breakout of the trend dating back to March 25 with a bounce on the backtest at the close on the lower timeframes

Still resistance ahead but looking for more upside tomorrow

Told y’all! Lolz

Decent close today

Thought we were gonna get one of those CLASSIC days where we lose every inch of gain lol

Still here

Joby also fell through $5 support

It’s hard to imagine short sellers capitulating any time soon especially after breaking through so many support levels

The low was made just minutes before close

It closed above it's low of the day. (where it is still trading AH)

Yea you just said it a lot came off their intraday lows and we dumped

Not buying that.
The R2000 closed with a larger percentage loss than either DJ or Naz.
Pretty much everything (although not 100%) came off their intraday lows.

No stock is comparable to ACHR other than JOBY and that also had a similar day and close

SPX and Russell 2000 both had a strong close relative to intraday

Which stocks in this sector comparable to ACHR had a strong close today? And have they good long term prospects? If so. I will do DD for a possible buy.

Despite the down day in the market there were a lot of strong closes

Not this stock though .02 from the low

Best of luck to everyone but like I’ve been saying something is very wrong here

Alright!

Gonna watch and see what happens tomorrow lolz

I’m beginning to understand a little after reading OP and your response example.

What I don’t understand is where these shares are being pulled from in order to fill and how/ if these purchases support share price.

All very interesting and gives me hope knowing there are still big buyers are these prices

Your experience, Steve, matches one of this site's examples-

You see, giant institutions like mutual funds and ETFs need a lot of liquidity to minimize their market impact. Further, most ETFs are index funds, aiming to track an index.They need to mirror their underlying index closely, so they have to trade on the close, or else they’d be getting different prices than the index records.
You see, giant institutions like mutual funds and ETFs need a lot of liquidity to minimize their market impact. Further, most ETFs are index funds, aiming to track an index.They need to mirror their underlying index closely, so they have to trade on the close, or else they’d be getting different prices than the index records.

Thanks for the confirmation! 😀

Touché

There is always tomorrow.
You can even put in a Sell the Open order and not have to spend all day watching................

Better yet should have sold months ago

This stock is done should have sold out this morning

I know from experience that mutual funds only care about closing price of portfolio holdings, to calculate the NAV. Traders of the funds may spend the day analyzing their trades, and simply sending them in MOC, since price doesn't matter that much to the fund.

As if it was even a question

Somewhat of a falling wedge pattern on the lower time frames last couple sessions

Think

What does everyone thing?

Up or down tomorrow?

Thank you!