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Is Now the Time to Buy VinFast Auto Stock?
VinFast Auto (NASDAQ: VFS) has always been an intriguing company. It's a Vietnamese automaker that dominates its home market in electric vehicles (EVs) but has ambitious plans to expand into the valuable U.S. and European markets. The company just released its fourth-quarter earnings and it had impressive growth, but also wider losses.With the stock down 20% year to date, is now the time to buy VinFast?VinFast managed to post impressive growth in vehicle sales. EV deliveries checked in at 53,139 during the fourth quarter, a substantial 143% higher than the prior year. It wasn't a one-quarter wonder, either, as full-year deliveries were up 192% from 2023, up to 97,399 units.Continue reading
VinFast Auto (NASDAQ: VFS) has always been an intriguing company. It's a Vietnamese automaker that dominates its home market in electric vehicles (EVs) but has ambitious plans to expand into the valuable U.S. and European markets. The company just released its fourth-quarter earnings and it had impressive growth, but also wider losses.
With the stock down 20% year to date, is now the time to buy VinFast?
VinFast managed to post impressive growth in vehicle sales. EV deliveries checked in at 53,139 during the fourth quarter, a substantial 143% higher than the prior year. It wasn't a one-quarter wonder, either, as full-year deliveries were up 192% from 2023, up to 97,399 units.
