This is a familiar story for EV makers after their stock becomes publicly tradable! NIO, LUCID, RIVN, You can read my article about RIVN when it was 149 usd/share and 4th biggest automaker based on its market cap: However, it lost 89% of its value in 25 weeks!
Today RIVN is ranked 23rd most significant market cap. NIO once had a market capitalization of $89.5 billion, behind Tesla ($795.8 billion) and Toyota ($207.5 billion), But today its rank tanked to 22,
Vinfast is no exception!
It is not shortable yet, but I will as soon as it becomes!
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-27% 1 day after I published this idea
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Jim Simons "Markets are driven by sentiment, and sentiment can change very quickly."
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-43.7% in one day
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67% in 4 days
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What would you do if I tell you VFS will be 5 USD in 2023???