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Home / Business / Inside a Ferrari Hypercar, Lift & # 39; s IPO, and more car news

Inside a Ferrari Hypercar, Lift & # 39; s IPO, and more car news



Let the unicorn party begin! On Friday, the equestrian center gobbled on markets with opening day for small brother Lyftt. (Big rival Uber is apparently on its way to its own IPO.) Lyft had a strong first trading day and achieved a stock price of no more than $ 87.24 before going to $ 78.29 on the market. Now is the big question, which will answer in the weeks and months to come: How do investors feel about the possibility that the mustachioed company actually earns money? What about the gig economy as a whole?

Nevertheless, there were many transport interests outside Wall Street this week. We took a look at today's safety standards for the automotive industry, and talked to people who were wondering how self-driving cars could fit into the mix. We reminded ourselves that self-driving cars should not be driverless for a while, and about the role of external drivers in the ecosystem. We drove a Jeep Gladiator, the company's adorably tough mini-pickup.

It's been a week: Let's get you busy.

Headlines

Stories you may have missed from WIRED this week

Dress repetition of the week

Porsche promises its first all-electric sports car, Taycan, will beat the market at the end of the year. That means it's time for the fun things: test stations! This week, the German car manufacturer says it has tested Taycan at 3.7 million miles off the road before the official launch, in the snow in Sweden, UAE's heat (up to 1

20 degrees Fahrenheit!), And Finland's chill. More details about Taycan's test regime here.

State Week

$ 911.3 million

The amount of dough Lift lost last year, according to an application sent to the SEC in early March. For more statistics on the riding company, and to help you understand their IPO this week, check out these five maps.

Required Reading

News from elsewhere on the Internet
Uber buys Middle East rival Careem for $ 3.1 billion, although the deal needs regulatory approval and may not end until the end of the year.

Recode points out: "To bet on Uber who is becoming increasingly apparent with this Careem purchase price to bet on not Uber, but on a global driving-talked model where San Francisco-based Uber Technologies , Inc is only the hub. "

Raising calls in their IPO with a" City Works "promise, investing $ 50 million or 1 percent of profits (whatever is greater) in urban infrastructure, clean energy technology, and poor community transport access . Anthony Foxx, the former transport secretary and Lyft's current chief police officer, prepared for WIRED that this does not necessarily mean that Lyft will write $ 50 million in the checks. "Some of it will be in the form of", he said – but that it will continue its current work on the three target areas in close cooperation with cities.

At the same time, the lifting of the Lift and Uber in California this week, demanding higher wages after Uber reduced wages per kilometer.

"I rode an E-Scooter so far from civilization that their batteries could take me"

Oh Wow, to no: A budget airline suddenly ceased operations.

In Rearview

Important stories from WIRED's canon
Via 1998: "How the beer business that created the first Internet IPO scares the stock market."


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