Rivian bets big on self-driving as R2 production ramps up

Rivian CEO RJ Scaringe spent much of the latest earnings call promoting autonomy plans. A hands-free point-to-point driving feature will reach employees in 2026 and customers in 2027, with Uber robotaxis planned for 2028. Software and services revenue rose 45% to $605 million, but costly chips and lidar could squeeze profits on the mass-market R2.