Uber to invest $1.25 billion in Rivian
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A delivery robot used for Uber Eats appears unfazed after being sat on and graffitied in footage filmed on a Philadelphia street.
Autonomous vehicles may eventually change the supply of rides, but they may not eliminate the need for ride-hailing platforms.
Raffi Krikorian wrote in The Atlantic that his Tesla Model X was "totalled" after it crashed into a wall while in Full Self-Driving mode last year.
Uber said it plans to invest $1.25 billion into Rivian Automotive to launch 50,000 autonomous robotaxis around the world, the company said.
Uber will soon offer incentives to companies for building more electric vehicle charging stations. The rideshare giant said it is encouraging the installation of more EV chargers where its drivers live and work,
After a fatal incident, Uber cancelled its autonomous vehicle project in 2018. Should it have kept going?
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The Uber Technologies (UBER) Implosion: Why a 70% Valuation Haircut Is Closer Than You Think
Uber Technologies (UBER) is a $156 billion company today. Yesterday, Uber announced a massive, multi-year strategic partnership with Rivian to deploy up to 50,000 fully autonomous robotaxis. Uber is committing to invest up to $1.
Shares of Rivian Automotive (NASDAQ: RIVN) jumped about 10% in premarket trading on Thursday following news of a massive cash injection from ride-hailing giant Uber Technologies (NYSE: UBER). The electric-vehicle maker is getting a well-timed financial boost to build out its autonomous fleet.