VFS VinFast $0.40 Price Target after the Pump and Dump scheme

Shares of VFS VinFast experienced a significant surge as they made their debut on the Nasdaq stock exchange following their merger with the special purpose acquisition company (SPAC) known as Black Spade.
This situation draws a parallel with other EV SPAC deals, such as Lucid, which served as the foundation for Black Spade's initial valuation of VinFast at $23 billion. Subsequently, Lucid's shares have witnessed a decline post-listing, now being valued at less than $15 billion, representing a nearly 40% reduction compared to its $24 billion SPAC valuation in 2021.