That's actually one of very few tech IPOs that makes some sense.<p>I wish the Tesla people lots of strength, the car industry is a very bad place to be active in at the moment.<p>They have a unique proposition, they've done some clever marketing. By taking the 'prius' out of the electric car market and showing they can be sexy as well as good performers they've made a lot of people less skeptical about electric propulsion.<p>Let's hope they stick around and will manage to establish themselves as a long term brand, it is probably a requirement for at least one party to fully focus on electric instead of having to offer a whole range of vehicles, like that they can optimize where others will have to compromise.<p>Their model S is still two to three years away, if and when it starts shipping it will be a very interesting development.