Lyft IPO Depends on an Autonomous Future

Running in the red every single quarter is normally not a good formula for success, though Tesla has shown that deficits aren’t necessarily verboten with investors. So, despite losing more than $2 billion during  the last two years alone, Lyft is preparing to go public.

The federal paperwork it filed last week is loaded with cautionary notes, and it appears to be asking potential investors to keep their eye on one development that could transform Lyft – as well as competitors like Uber and Waymo – into a cash cow: the arrival of driverless vehicle.