Rivian: Thank You, Uber!

Stone Fox CapitalInvesting Group LeaderFollow5ShareSavePlay(8min)Comment(1)SummaryRivian Automotive secures a major Uber partnership, including a $300M investment and plans to deploy up to 50,000 R2 robotaxis by 2031.RIVN's robotaxi initiative accelerates autonomy R&D but delays the path to adjusted EBITDA profitability beyond 2027.The R2 launch targets a more affordable segment, with 2026 production guidance at 63K vehicles and ambitions to reach full capital of 215K at the Normal, IL plant.My long-term thesis remains ultra bullish, especially with the stock down at the yearly lows below $15.This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » Hollie Adams/Getty Images News Rivian Automotive Inc. (RIVN) held an Autonomy & AI Day back in December, and the EV company not announcing a robotaxi plan was initially disappointing. Now, Rivian has launched the new R2 SUV and suddenly a big robotaxiThis article was written byStone Fox Capital55.26K FollowersFollowStone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RIVN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.