Rivian's partnership with Uber to supply electric vehicles for its robo-taxi fleet is seen as a positive development, with the company noted for being under great management and capable of manufacturing units at comparable costs to Tesla.
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Should Investors Buy Uber Stock on the Dip?
Parkev Tatevosian, CFAMay 31, 2026
Uber stock is down over 13% year-to-date, but recent developments suggest a potential turnaround. The company is increasing its stake in competitor Delivery Hero, which could reduce competition and add synergies, particularly in the food delivery market, which is more insulated from driverless car technology risks. Additionally, Uber's deal with Rivian to supply electric vehicles for its robo-taxi fleet at a competitive price point could significantly mitigate risks associated with driverless car technology.
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Tesla's claims of producing driverless cars at $25,000 are viewed with skepticism due to a history of over-promising and under-delivering, making their stock investors' expectations for production costs more realistic around $30,000-$33,000.
Uber's strategic acquisition of Delivery Hero and partnership with Rivian for electric vehicles are positive developments that could mitigate risks and solidify its market position.
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