These two comments seem to tell you, everything you need to know about this IPO. Sadly I cant get the same level of analysis, from CNBC or Bloomberg, so have to come here...
This other comment by the same user in one of the links from 2 weeks ago I found the easiest to understand, in brief:
Yes hard-nosed analysis, from a couple of retail investors but not finance journalists. The latter don't want to bite the hand that feeds, the former is on the menu.
Ya but all the financial logic in the world doesn’t account for Elon god, number go up.