VinFast Auto Ltd. (VFS)

VinFast Auto Ltd. Stock (VFS) dropped by 9.95% from $7.84 to $7.06 in the trading on Monday December 04, 2023. The reason why VFS stock down today is due to a letter of Interest considering USD500 million loan. Electric vehicle (EV) maker VinFast revved up its battery ambitions by signing a Letter of Interest (LOI) with the US International Development Finance Corporation (DFC) for a potential $500 million loan. This loan, if approved, would fuel the construction of a lithium-ion battery manufacturing facility in Vietnam, solidifying VinFast's battery independence and strengthening US-Vietnam ties in the burgeoning EV space.

Shares of VinFast Auto Ltd. (VFS) dropped by 5.91% from $5.75 to $5.41 in the trading on Friday, Novemeber 17, 2023. The reason why VFS is down today is due to an nvestigation announcement, made by Robbins Geller Rudman & Dowd LLP on November 15, 2023. The law firm disclosed an ongoing investigation into potential violations of U.S. federal securities laws concerning VinFast Auto Ltd. (NASDAQ: VFS; VFSWW). This investigation primarily focuses on whether VinFast and certain key executives within the company may have made false and/or misleading statements or failed to disclose material information to investors. The investigation has been labeled the "VinFast Investigation." Investors who have incurred substantial losses or individuals with relevant information regarding the matter have been encouraged to get in touch with the law firm for further inquiry.

Shares of VinFast Auto Ltd. (VFS) dropped by 5.91% from $5.75 to $5.41 in the trading on Friday, Novemeber 17, 2023. The reason why VFS is down today is due to an nvestigation announcement, made by Robbins Geller Rudman & Dowd LLP on November 15, 2023. The law firm disclosed an ongoing investigation into potential violations of U.S. federal securities laws concerning VinFast Auto Ltd. (NASDAQ: VFS; VFSWW). This investigation primarily focuses on whether VinFast and certain key executives within the company may have made false and/or misleading statements or failed to disclose material information to investors. The investigation has been labeled the "VinFast Investigation." Investors who have incurred substantial losses or individuals with relevant information regarding the matter have been encouraged to get in touch with the law firm for further inquiry.

VinFast Auto Ltd. Stock (VFS) dropped by 5.53% from $8.50 to $8.03 in the trading on Friday October 6, 2023. The reasons why stock VFS down today includes:

• Ordinary shares release: VinFast Auto released more than 46 million in ordinary shares earlier this week that were under lock-up agreements. The shareholders have been selling a large portion of their holdings this week and causing VFS stock down today.
• Tiny free float: Since it made less than 1% of its shares available to the public during its initial public offering, VFS stock is bound to be volatile.

Shares of VinFast Auto Ltd. (VFS) dropped by 13.72% from $9.33 to $8.05 in the trading on Wednesday October 4, 2023. The VFS stock is down due to insider share sales. The founder, who controlled most shares, is releasing over 46 million shares from lock-up restrictions, affecting the stock's price negatively. Another 26 million shares from other shareholders are also being sold, further pressuring the stock. VinFast aims to fund its U.S. factory and expansion plans but currently has a market cap of $20 billion despite generating just $634 million in revenue in 2022. The company will release its first quarterly report as a public company on October 5, potentially causing more turbulence in its stock price.

VinFast Auto (VFS) dropped by 21.60% from $12.50 to $9.80 in the trading on Monday October 2, 2023. The reasons why stock VFS is down today includes:

• Concerns about revenue: In its earnings report late last month, the company reported a more-than-fivefold increase in EV deliveries but only a 131% increase in revenue and a net loss of more than $500 million.
• Cash burn: The company's also burning cash at the terrifying rate of more than $2.9 billion annually, this rate of negative free cash flow is even worse than the company's reported net losses.

VinFast Auto (VFS) saw its share price drop 18.75% (from $37.06 to $30.11) after a doubling surge on its market debut, reaching an $85 billion market value. Yet, VFS, a Vietnamese electric vehicle manufacturer, faces profitability and production challenges. With limited available shares, the stock is expected to stay highly volatile, similar to past non-U.S. automakers.

https://www.fool.com/investing/2023/08/16/why-vinfast-auto-stock-is-plunging-today/