EV maker Rivian prices IPO above range to raise over $11.9 billion

$Rivian Automotive(RIVN.US)$ $Tesla(TSLA.US)$ I can understand why Tesla was successful. It could have flopped but it didn't. It was because they made the car which satisfied certain people who liked Elon Musk and he is bigger than the car itself. They bought it because they admired him. Then it became a phenomenon and a status symbol such as owning a Mercedes Benz or a Lexus. Tesla incorportaed autonomous driving and many liked the concept of autonomous driving. Then everyone started to jump in and started making EV cars and trucks. Now it has become a competition. Now people start to think and decide if they want an EV or not and the pros and cons of owning an EV. Not every EV manufacturer is Elon Musk and so as soon as the initial enthusiasm fades, most of these will tank. I am sorry for those who will get caught up in the musical chair by buying stock in those companies at astronomical prices. Soon the stock prices will come down to earth and most, except those brokers and underwriters will lose money. Please don't even think about buying them at these prices. You will definitely lose your money once short sellers move in. Short sellers have lost a ton of money in Tesla and they are waiting for their revenge. They will take it out on other EV manufactuerers.