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Stock impact report

Rivian Stock Jumps Again on Uber Deal. Robotaxi Ambitions Take Shape [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian Automotive (RIVN) climbed on Monday after investors reacted to a new partnership with Uber that could give the electric vehicle maker a larger role in autonomous ride services. The stock rose about 5% as traders focused on the $1.25 billion deal, which calls for up to 50,000 Rivian-based robotaxis to be deployed by 2031. The agreement also comes soon after Rivian launched its R2 SUV and reported its first full year of positive gross profit. Warning! GuruFocus has detected 4 Warning Sign with UBER. Is UBER fairly valued? Test your thesis with our free DCF calculator. The partnership may provide Rivian with a new revenue stream and support its shift toward software-defined vehicles. It also appeared to help offset some of last week's selling pressure, as sentiment improved around the company's long-term growth outlook. Analysts said the move looked tied to company-specific developments rather than a broader market rally. Investors are weighing how much value the Uber d Show less Read more
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