Shares of electric air taxi maker Archer Aviation Inc (NYSE:ACHR) are surging Monday afternoon, becoming a top trending stock on social media as investors speculated about a potential connection to a highly anticipated announcement from Tesla Inc (NASDAQ:TSLA). Here’s what investors need to know.
What To Know: The frenzy ignited after Archer released a promotional video last week featuring its Midnight air taxi alongside a Tesla vehicle and its Optimus robot. The rumors intensified when Tesla’s social media account posted a cryptic video of its logo on a spinning propeller-like object, teasing an announcement for Tuesday.
