Uber, Rivian
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Autonomous vehicles may eventually change the supply of rides, but they may not eliminate the need for ride-hailing platforms.
Uber plans to purchase 10,000 Rivian R2 robotaxis with the option for 40,000 more as the companies target a 2028 launch for autonomous ride-hailing service.
Uber Technologies Inc UBER shares are rising in extended trading on Monday after the company and NVIDIA Corp NVDA announced an expansion of their autonomous vehicle partnership. Uber Technologies shares are powering higher.
Shares of Rivian Automotive (RIVN +3.80%) jumped about 10% in premarket trading on Thursday following news of a massive cash injection from ride-hailing giant Uber Technologies (U
Both Uber and DoorDash have significant long-term growth potential, but one stock is more attractively valued than the other.