Rivian Delays EBITDA Profitability Past 2027, Accelerates Autonomy Spending with Uber Partnership

Rivian confirmed it no longer expects adjusted EBITDA profitability by 2027 due to increased R&D spending on autonomy, while announcing a partnership with Uber for up to 50,000 autonomous R2 vehicles with Uber investing up to $1.25 billion through 2031.