Uber's Rivian Deal Advances AV Partnership Strategy -- Market Talk
Dow Jones00:44
1244 ET - Uber's investment of up to $1.25 billion in Rivian Automotive, plus its commitment to deploy 10,000 fully autonomous Rivian R2 SUVs by 2028, furthers the company's strategy of partnering with a range of players in the autonomous vehicles sector, Morgan Stanley analysts say in a note. The deal follows recent partnerships with Nvidia, Amazon's Zoox, Motional, and Nissan and Wayve. "Uber is procuring more partners as Waymo continues to launch more cities," the analysts write. "Looking ahead, it will be important that Uber is able to tangibly help these players grow faster and compete in the AV space against Waymo and Tesla."(elias.schisgall@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 12:44 ET (16:44 GMT)
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