VinFast Stock Is Worth More Than Ford, Rivian, Lucid and Polestar
$VinFast Auto (VFS.US)$ share price surged 254.64% yesterday closing price USD 37.06
Quote:
Investors still have an appetite for EV start-ups backed by special-purpose acquisition companies. Just look at the amazing debut of the Vietnamese maker of electric vehicles.
It began life on Tuesday as a publicly traded company on the Nasdaq stock exchange after closing its merger with the SPAC Black Spade Acquisition (ticker: BSAQ). With the deal closing, Black Spade essentially becomes VinFast. The stock symbol changes to “VFS” from “BSAQ.”
The VinFast-Black Spade merger was a deal investors were enthusiastic about. It valued VinFast stock at roughly $23 billion, more than the market capitalization of Rivian Automotive (RIVN), Lucid Group (LCID), or Polestar Automotive (PSNY). All three of those EV start-ups have some traction with investors.
It began life on Tuesday as a publicly traded company on the Nasdaq stock exchange after closing its merger with the SPAC Black Spade Acquisition (ticker: BSAQ). With the deal closing, Black Spade essentially becomes VinFast. The stock symbol changes to “VFS” from “BSAQ.”
The VinFast-Black Spade merger was a deal investors were enthusiastic about. It valued VinFast stock at roughly $23 billion, more than the market capitalization of Rivian Automotive (RIVN), Lucid Group (LCID), or Polestar Automotive (PSNY). All three of those EV start-ups have some traction with investors.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Lucid Group (LCID.US)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Shorty got low : Prob crash soon just like the other EVs , so be prepared for that
ZnWC OP Shorty got low : May be this one different
butter : wow itz killing da top auto makers
102095561 : like rivian chiong the. drop 80%
102095561 : come to us market get cash still got a lot clown buying this ev another mullen
tsla 2017 : Do you in Vietnam also dare to blow, are you trying to trick everyone into using chives
ZnWC OP : I must thank someone who has 4221 followers visited my homepage. I'm proud about my followers who continue to support me![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
KingNY-Life : Not worth it at all