A VinFast car crashed in April -- and VinFast stock is crashing today.
VinFast (NASDAQ:VFS) – which specializes in the manufacturing of electric vehicles, e-scooters and e-buses – is not a company I am confident in for the long term. While EVs may represent the future of mobility, the industry is struggling against a host of economic challenges. Still, for near-term speculation, VFS stock could offer a tempting wager. The issue with VinFast and any pure-play EV company is the industry. The automotive sector is capital intensive. Every year that goes by, the company
The Vietnamese automaker saw huge order demand for its new low-cost SUV.