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VinFast Auto Stock Is Down 50% This Week. Is the Automaker a Buy?

TheMotleyFool

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VinFast Auto Stock Is Down 50% This Week. Is the Automaker a Buy?: https://g.foolcdn.com/editorial/images/746078/vfs.png

VinFast Auto (NASDAQ: VFS) has been stealing the show these past few weeks. The company was worth close to $190 billion at the start of the week, making it the third-most valuable carmaker in the world. Since Monday, the stock is down 50%, and more pain might be on the horizon. In this video, I explain why this stock has soared, why it is crashing, and why I'm not touching it (yet).

*Stock prices used were from the trading day of Aug. 29, 2023. The video was published on Aug. 30, 2023.

Source Fool.com

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