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Why VinFast Auto Stock Just Crashed

TheMotleyFool

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Why VinFast Auto Stock Just CrashedPhoto, wide shot, wide-angle lens, soft focus, Car manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-iZxNvwmEDAT2zuvMswp8MrIk.png?st=2023-05-08T05%3A56%3A42Z&se=2023-05-08T07%3A56%3A42Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-08T03%3A27%3A06Z&ske=2023-05-09T03%3A27%3A06Z&sks=b&skv=2021-08-06&sig=hpaom2wRNOR4VGolGAMc0MX1MdH9zOmjK0MSBHrfkTo%3D

VinFast Auto (NASDAQ: VFS) stock, the Vietnamese maker of electric cars and bikes, tumbled 12% through 10:15 a.m. ET Friday after missing badly on earnings this morning.

Heading into the report, analysts already weren't optimistic, predicting VinFast would lose $0.26 per share in Q3. In fact, VinFast lost $0.41 per share, despite revenue surging 46.8% year over year to $718.6 million.

Source Fool.com

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