Investment research company Culper Research, led by Christian Lamarco, has published a critical analysis of Archer Aviation in which it says: “Archer’s continued promotion of near-term commercialization is not only premature, but reckless.”
It claims the company has staged a fake milestone to unlock an additional tranche of funding from Stellantis and outlined several other misleading statements.
In response, Archer Aviation has replied:
“Christian Lamarco has a reputation for ‘shorting and distorting’ various stocks. Culper is not a credible research institution. Archer has attracted significant attention due to its recent momentum and positive high-profile news. His claims are baseless.”
For more information
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(Image: Archer Aviation)