Bloomberg: “VinFast’s Stock Surge Is a ‘Coin Toss’ for Investors”By datatrekresearch in IN THE NEWS
Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:
.... "Boasting a higher market capitalization than General Motors Co. and Ford Motor Co. put together, loss-making VinFast Auto Ltd. raises a familiar question for EV investors: how long can it hold its stellar gains.
Wild swings since its first day of trading as a public company recall cautionary tales when it comes to electric vehicle makers, with Rivian Automotive Inc. and Lucid Group Inc. among those now trading well below their peaks.
“Over the next month this is going to be a coin toss,” Nicholas Colas, co-founder of DataTrek Research, said in a phone interview. “This is like a turbo-charged Rivian or Lucid, because there is so little of this stock available, and so anyone who walks in and buys 100,000 shares can move the stock"....
Full article here on Bloomberg.