Uber to invest up to $1.25 billion in Rivian
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The announcement of a robotaxi partnership between Uber (NASDAQ: UBER) and Rivian (NASDAQ: RIVN) has many holes. The headline of their press release was “Uber and Rivian Partner to Deploy up to 50,000 Fully Autonomous Robotaxis.
Shares of Rivian Automotive (RIVN +3.80%) jumped about 10% in premarket trading on Thursday following news of a massive cash injection from ride-hailing giant Uber Technologies (U
Rivian stock price has moved sideways in the past few weeks. Uber unveiled a large investment in the company this week. The stock has formed a triangle pattern pointing to a big move. Rivian stock remains on edge today,
Uber announced today a partnership to put 50,000 Rivian Robotaxis on the road, including in San Francisco. A report issued this week by the nonprofit Consumer Watchdog found that a ballot measure the company is pursuing in California for 2026,
Uber plans to deploy 10,000 fully autonomous Rivian R2 robo-taxis across 25 cities worldwide by the end of 2031.