Finding a young electric vehicle (EV) automaker that's poised to soar as EVs transition from early adopters to mainstream is a compelling investment opportunity. A new brand, a full portfolio of EVs, state-of-the-art manufacturing, and a deep-pocketed backer is what VinFast Auto (NASDAQ: VFS) has to offer potential investors.

Indeed, 2024 could be a breakout year for the intriguing Vietnamese automaker, but is it time for investors to buy the stock?

2023 was the year (NASDAQ: TSLA) flexed its pricing power. Tesla was committed to slashing prices left and right to make sure demand was strong and told the competition that volume was more important than higher profits, for now.

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Source Fool.com