Elon Musk who was the co-founder of Pay-Pal is offering an IPO for his car company Tesla Motors Inc. The stock rose 40% + during the first day. This is for a company that has never made money and does not plan to until at least 2012. The company is selling 11.9 million shares and Mr. Musk is selling 1.4 million. I don’t know what I am missing here maybe the electric car is the future. The model S is expected to sell for 50K after a federal tax credit. Which sounds high for an electric car but it does 0-60 in 5.6 seconds and will go from 160 to 300 miles depending on what version. They are being quiet about the different versions. They are buying a old GM factory, the smallest of the ones GM has for sale, and if there IPO keeps going as it has I can see a future for this company I just cannot see the American public paying that kind of cash for this car. Its first roadster sold for 109K in 2008, which is a lot of money for a car that runs on an extension cord. They sold 1100 of these worldwide. Is this the same number of friends Elon had?. They are probably not taking his calls at the present as it is rumored he has been trying to borrow money to keep afloat both personally and corporate. A lot of the success of electric cars hinge on battery progress. The charging time and the driving time need to be shorter and longer. Also the dependability and safety of lithium-ion battery needs to improve. There was also a survey of homes of there electrical capacity that showed that many homes are close to being maxed out and would possibly need an expensive upgrade to charge a car. A separate connection would need to be added and no one seems to know a cost of this. I don’t think I will be buying stock in a extension cord company just yet.I will continue to complain every time I gas up but I just don’t think I am ready to plug in yet. I complained before high gas prices as I used to own service stations and could write off part of my fuel and I will probably complain when and if the price goes down.