(Finance) – Another dramatic day for VinFast Auto on the Nasdaq: the title slip 17% after yesterday accused a loss of 19% in the aftermath of a boom debut on August 15th.
The Vietnamese automaker had made its debut on the Nasdaq this week, following its merger with the SPAC Black Spade Acquisition, and had surpassed in no time at all, with 85 billion in capitalization, the value of giants such as General Motors and Ford .
The courses would now appear to be penalized by the too ambitious goal of its founder Pham Nhat Vuong, which points to sell 50,000 electric vehiclesmore than double the sales recorded so far this year, and from the small float on the market.