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4 things investors need to know about Uber's $1.25 billion robotaxi deal with EV maker Rivian
Uber is betting big on Rivian's self-driving future.
Autonomous vehicles may transform transportation, but they may not eliminate the need for ride-hailing platforms.
Rivian had to abandon a long-standing profitability goal to make the deal with Uber. Was it worth it?
Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) stock is down 7% in Friday trading, sliding to the $15 area despite announcing a major robotaxi partnership with Uber Technologies (NYSE:UBER).
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