For me to make the electric switch I would want 400+ range. My current vehicle has a 330 mile range on a tank of gas. I would want 400+ due to the time required for charging along with weather/towing range reduction and battery degradation. That puts me at about 90k for a R1T.
Neither of those were IPOs. They went public through a SPAC merger.
If an IPO moons it means the underwriter screwed up the pricing. They gave away ownership of the company for less than they could have received.