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Why VinFast Auto Stock Just Crashed

TheMotleyFool

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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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