Rivian’s stock price jumped by 10% ahead of its Thursday open after the company announced a significant investment deal with Uber, worth up to $1.25 billion. The partnership plans to launch up to 50,000 robotaxis using Rivian vehicles over the next five years. This move comes as Rivian’s shares are down about 20% so far this year, making it an exciting development for the company.
Source: https://www.investors.com/uncategorized/rivian-jumps-10-after-1-25-billion-investment-from-uber