Uber Rivian Robotaxi Deal Reshapes Growth Story And Valuation Gap
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Uber Technologies (NYSE:UBER) announces a multi year partnership with Rivian worth up to $1.25b. Deal covers deployment of up to 50,000 fully autonomous Rivian R2 robotaxis across 25 global cities. Partnership runs through 2031, with vehicles committed for exclusive use on Uber's platform. Agreement sits alongside Uber's existing work with NVIDIA, Motional, and Wayve on autonomous mobility. Uber enters this Rivian deal with its shares at $75.34 and a mixed return profile, including a 141.6%...
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Uber Technologies (NYSE:UBER) announces a multi year partnership with Rivian worth up to $1.25b. Deal covers deployment of up to 50,000 fully autonomous Rivian R2 robotaxis across 25 global cities. Partnership runs through 2031, with vehicles committed for exclusive use on Uber's platform. Agreement sits alongside Uber's existing work with NVIDIA, Motional, and Wayve on autonomous mobility. Uber enters this Rivian deal with its shares at $75.34 and a mixed return profile, including a 141.6%...