Is Rivian's $1.25 Billion Robotaxi Deal With Uber Really a Good One for Shareholders?

Big news last week in the realm of robotaxis: Uber Technologies (NYSE: UBER) agreed to invest up to $1.25 billion in electric vehicle (EV) maker Rivian (NASDAQ: RIVN) -- and to purchase thousands of Rivian R2s equipped with self-driving technology. For Uber, this builds on last year's similar deal with Lucid Group. It confirms that the ride-sharing giant is putting its robotaxi eggs in multiple baskets as it girds for battle with Alphabet's Waymo and (perhaps, eventually) Tesla. Will AI create the world' ...