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Why VinFast Auto Stock Plunged More Than 30% This Week

TheMotleyFool

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Why VinFast Auto Stock Plunged More Than 30% This Week: https://g.foolcdn.com/editorial/images/750084/volatility-ahead-risk-riskiness-risky.jpg

Shares of VinFast Auto (NASDAQ: VFS) are falling fast and furious this week -- they were down a whopping 36.7% through 10:25 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.

With this week's dramatic drop, the electric vehicle (EV) stock -- which made a sizzling debut in the U.S. in August -- is now 90% off its peak.

Ouch.

Source Fool.com

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