Replies to post #214736 on DD Support Board and Research Team

[bar1080]

I'm getting distracted by Vinfast, the asinine Vietnamese EV that IPOd today and is already tumbling.

"EV maker Vinfast still worth more than Ford and GM after stock tanks 19%"

"Vietnamese EV maker VinFast's debut Tuesday on the Nasdaq public exchange was nothing short of remarkable. The automaker, which went public via a merger with special purpose acquisition company Black Spade Acquisition, saw shares catapult 68% to close at $37.06 — giving it a valuation of $86 billion, a figure far above Ford, GM and Stellantis.

But the real stunner came Wednesday. Even after VinFast's stock price plummeted 18.75% and closed at $30.11, the company was still holding onto a market cap that put it well ahead of other established automakers."

https://investorshub.advfn.com/VinFast-Auto-Ltd-VFS-42344