J.P.Morgan tweaks its bearish Rivian stock outlook after Uber deal

Rivian isn't out of the woods yet, but the startup electric vehicle manufacturer is on the right path following its recent partnership with Uber, according to a new note from analysts at JPMorgan. Last week, on March 19, Rivian and Uber announced a partnership in which Uber will invest up to $1.25 billion in Rivian and deploy as many as 50,000 autonomous R2 vehicles on its ride-hailing platform. The vehicle's autonomous rides are expected to launch in San Francisco and Miami in 2028, with plans to expan ...