Rivian will provide 50,000 robotaxis to Uber
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Uber Technologies said it would buy vehicles made by Rivian to be used as self-driving taxis and invest at least $300 million in the company, as it moves to strengthen its foothold in the nascent market for driverless ride sharing.
Deutsche analysts say Uber will be a big winner in the coming driverless car boom. The bank's price target for the stock suggests nearly 40% upside.