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A milestone-based tranche reduces funding risk and can unlock incremental cash, supporting Rivian's expansion and R&D plans; positive signal for profitability timelines if milestones materialize as expected.
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Rivian CEO RJ Scaringe said the company is very confident it will hit an autonomy milestone this year that unlocks a $250 million tranche of Uber's investment. This milestone underscores the strategic role of autonomous tech in Rivian's funding and could boost investor optimism if the timing aligns with expectations.
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