Will VinFast overtake BYD to be 2nd most valuable EV stock?
VinFast had an impressive IPO debut. It became the 3rd most valuable EV stock. Can it overtake BYD?
VinFast, like Lucid and Rivian are loss- making. Are there other similarities?
Lucid
Similar to VinFast, Lucid also merged with a SPAC to list on Nasdaq in July 2021. Its price surged and at one time was USD70 b, making it the 3rd most valuable EV stock at that time.
Lucid's price eventually crashed about 90% from its ATH.
Rivian
Rivian's IPO debuted in Nov 2021. Its market cap rose to around USD160 b, making it the 2nd most valuable EV stock at that time.
Rivian's stock plunged > 80% from its ATH.
VinFast is likely to meet the same fate.
Good luck to the person who thinks it will overtake BYD in market cap.
$SPX Technologies(SPXC.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $BAYER MOTOREN WERK(BMWYY.US$ $MERCEDES-BENZ GROUP AG UNSP ADR EACH REP 0.25 ORD SHS(MBGYY.US$ $Lucid Group(LCID.US$ $Rivian Automotive(RIVN.US$ $BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $AEM SGD(AWX.SG$ $RH PetroGas(T13.SG$ $Rex Intl(5WH.SG$ $Geo Energy Res(RE4.SG$
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纽交所里的咖啡师 : Don't dream, he can only surpass Muln...
102332870 : will ultimately come down to single digit share price
103027647 : indian ev go us also can be 85billion.all can overtake gm or ford
bullrider_21OP 103027647: EV makers from other countries merge with SPACs and list on Nasdaq. Then all have big market caps at the start.
bullrider_21OP 102332870:
bullrider_21OP bullrider_21OP:
103027647 : good. for shortist
0MATRIX0 纽交所里的咖啡师: that means it will go down to $0
Intellectually Lucky 103027647: it’s from Vietnam not India.
Intellectually Lucky bullrider_21OP: Absolutely
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