What's Going On With VinFast Auto Stock Today?
Portfolio Pulse from Erica Kollmann
Shares of VinFast Auto Ltd. (NASDAQ:VFS) are trading lower as EV stocks are down following Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) announcing their Q3 production and delivery figures. Tesla's production and deliveries were down from Q2, while Rivian's were in line with expectations. VFS shares have fallen nearly 70% over the last month.
October 03, 2023 | 2:38 pm
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NEGATIVE IMPACT
Rivian's Q3 production and deliveries were in line with expectations, but the overall downturn in EV stocks has negatively impacted its stock.
Despite Rivian's Q3 figures being in line with expectations, the overall downturn in EV stocks has negatively impacted its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Tesla's Q3 production and deliveries were down from Q2, which has contributed to the overall downturn in EV stocks.
Tesla's lower Q3 production and deliveries have contributed to the overall downturn in EV stocks, which has negatively impacted other EV companies like VinFast Auto Ltd.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
VinFast Auto Ltd.'s shares are trading lower due to the overall downturn in EV stocks following Tesla and Rivian's Q3 figures. The stock has fallen nearly 70% over the last month.
The overall downturn in EV stocks following Tesla and Rivian's Q3 figures has negatively impacted VinFast Auto Ltd.'s stock, which has fallen nearly 70% over the last month.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100