EV crash: VinFast’s market cap has lost more than $140 billion in two weeks


Electric-vehicle startup VinFast Auto Ltd. has seen its market capitalization fall more than $140 billion in less than two weeks, weighed down by a six-day losing streak for the company’s stock.  

Shares of VinFast VFS soared last month after the company went public through a special-purpose acquisition company deal, taking its market cap to an eye-watering $231.3 billion on Aug. 25 — easily surpassing established automakers such as Ford Motor Co. F and General Motors Co. GM.


This article was originally published by Marketwatch.com. Read the original article here.

Previous article: Nasdaq falls for 4th straight session as Apple weighs on technology stocks
Next articleDistributed Ledger: Crypto industry’s recent court wins may not stop companies from moving out of the U.S. 


Please enter your comment!
Please enter your name here