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VinFast Stock Is Dropping. The EV Maker’s Shares Are Too Expensive.

Por: MarketWatch Business August 16, 2023

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In Day 2 trading, the stock closed down 19% at $30.11 on Wednesday. The , meanwhile, closed down 0.8%. The fell 1.2%. At $37, VinFast had a market cap greater than either (F), (GM), (VOW3.Germany), or (BMW.Germany). It was even more than (005830.Korea) and (000270.Korea) combined. VinFast is also worth more than all U.S. EV start-ups combined, worth more than profitable EV start-up (LI), and when including debt and cash, worth more than Chinese... + full article



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