VinFast's Potential Crash Could Drag Down Tesla And Rivian, Worries Analyst — And Jim Cramer Adds To Anxiety
Portfolio Pulse from Shanthi Rexaline
VinFast Auto Ltd.'s stock was listed on the Nasdaq following a SPAC deal, reaching a valuation of over $85 billion, more than General Motors Corp. and Ford Motor Co. However, the stock pulled back by about 18.75% on Wednesday. Analysts and investors, including Jim Cramer, have expressed concerns about the company's high valuation and potential negative impact on other EV companies like Tesla and Rivian.
August 17, 2023 | 9:33 am
News sentiment analysis
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NEGATIVE IMPACT
Lucid Group's post-IPO performance could be a cautionary tale for VinFast.
Lucid Group's post-IPO performance, which saw a significant decrease in stock price, could be a cautionary tale for VinFast and potentially impact the latter's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Rivian could potentially be impacted by concerns about VinFast's valuation.
The concerns about VinFast's valuation and potential impact on the EV market could also affect Rivian, as it is a competitor in the same market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Concerns about VinFast's valuation could potentially impact Tesla's stock.
The concerns about VinFast's valuation and potential impact on the EV market could also affect Tesla, as it is a major player in the same market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
VinFast's high valuation and subsequent pullback raises concerns about the company's sustainability.
The high valuation of VinFast, followed by a significant pullback, raises concerns about the company's sustainability and potential overvaluation. This could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ford's valuation is less than VinFast's, which could raise questions about the company's valuation.
The fact that VinFast's valuation is higher than Ford could raise questions about the latter's valuation, potentially impacting the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Motors' valuation is less than VinFast's, which could raise questions about the company's valuation.
The fact that VinFast's valuation is higher than General Motors could raise questions about the latter's valuation, potentially impacting the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50