Is It Time to Buy Rivian After Uber Partnership?

Rivian Automotive (NASDAQ: RIVN) added to its impressive list of partnerships when it recently struck a deal with ride-share leader Uber Technologies (NYSE: UBER). The deal will help the electric vehicle (EV) maker fund its autonomous driving ambitions. Under the agreement, Uber will invest up to $1.25 billion in Rivian, including $300 million immediately after the deal clears regulatory approval. As part of the agreement, Uber will buy 10,000 autonomous versions of Rivian's R2 vehicles with an option to p ...