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0 -0.000580605311920902 -0.000617665225447904 0 0.00123533045089559 0.00123533045089559 0.00123533045089559 0.00123533045089559
Stock impact report

Is Rivian's $1.25 Billion Robotaxi Deal With Uber Really a Good One for Shareholders? [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
invest up to $1.25 billion in electric vehicle (EV) maker Rivian (NASDAQ: RIVN) -- and to purchase thousands of Rivian R2s equipped with self-driving technology. For Uber, this builds on last year's similar deal with Lucid Group . It confirms that the ride-sharing giant is putting its robotaxi eggs in multiple baskets as it girds for battle with Alphabet 's Waymo and (perhaps, eventually) Tesla Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » For Rivian, this deal is a big vote of confidence in its effort to develop a Level 4 autonomous-driving system in-house. It also provides a nice chunk of cash in the near term, just as Rivian is preparing to ramp up production of its midsize R2 model. But quietly, Rivian gave up something for this deal -- something that shareholders shouldn't overlook. Image source: Th Show less Read more
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