Rivian's $1.25 Billion Uber Robotaxi Deal Looks Like A Big Win—But Some Analysts Say It's Actually A High-Stakes 'Test'

Rivian Automotive Inc. has announced a deal with Uber Technologies Inc. for up to $1.25 billion, contingent on achieving specific autonomous vehicle milestones by 2031. The initial investment from Uber is $300 million for 10,000 R2-based robotaxis, with an option for an additional 40,000. Analysts have mixed views on the deal, with some seeing it as validation of Rivian's capabilities while others consider it a high-stakes test due to the performance conditions attached. Rivian has also indicated that it no longer expects to achieve positive EBITDA by 2027 due to increased R&D costs.