Uber to Buy Rivian Vehicles for Use
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Deutsche analysts say Uber will be a big winner in the coming driverless car boom. The bank's price target for the stock suggests nearly 40% upside.
Uber is investing $1.25 billion in Rivian to build 10,000 robotaxis using the Irving, Calif.-carmaker's $45,000 electric SUV, the R2.
Uber and Lyft shares climbed after Nvidia announced expanded partnerships with the firms and others, as part of its push into the market for self-driving cars.
What's the best robotaxi stock play now that Rivian has joined the field through a new partnership with Uber? Seeking Alpha analysts weigh in. Read more here.
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This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Tim Higgins: Before we get into it, this is a message for all those bold name fanatics who aren't just my mother. We need your help ...
Uber plans to deploy 10,000 fully autonomous Rivian R2 robo-taxis across 25 cities worldwide by the end of 2031.