From Nasdaq: 2024-04-10 11:26:27

The electric vehicle (EV) industry is facing challenges, with even Tesla reporting a drop in Q1 deliveries. Startup companies like VinFast, which went public through a SPAC last year, are now struggling. Analysts rate VinFast as a “Strong Buy,” but the stock has plummeted amid industry-wide losses. High cash burn and questionable sales raise concerns about VinFast’s future in the competitive EV market. With little differentiation and a high valuation, VinFast may struggle to compete with other EV players.



Read more at Nasdaq: VinFast Stock Forecast: Here’s the Good, the Bad, and the Ugly