Rivian Shares Jump 2% on FSD-like System, Plans 50,000 Robotaxis
TSLA•Rivian shares jumped 2% overnight after CEO RJ Scaringe revealed a supervised point-to-point driving system launching later this year and unsupervised, eyes-off autonomy scheduled for 2027. The company plans to deploy 50,000 R2 robotaxis in partnership with Uber, with paid rides beginning in 2028.
1. Stock Reaction
Rivian shares climbed 2% overnight following management’s announcement of upcoming autonomy upgrades, marking a fourth consecutive weekly gain as investors priced in new growth potential from self-driving technology.
2. Autonomy Roadmap
CEO RJ Scaringe said the company will roll out supervised point-to-point driving later this year and introduce eyes-off, unsupervised autonomy in 2027, forming the backbone for fully driverless use cases like airport drop-offs and school pickups.
3. Uber Partnership and Robotaxis
The autonomy push underpins Rivian’s partnership with Uber, targeting deployment of 50,000 R2 robotaxis and the start of paid ride services in 2028, leveraging Uber’s distribution network while Rivian focuses on technology development.
