SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VinFast Auto Ltd. - VFS
NEW YORK, NY / ACCESSWIRE / September 24, 2024 / Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS).
VinFast: Sell This EV Laggard
VinFast's Q2 results were disappointing, with a significant revenue miss and negative gross margins, highlighting ongoing financial struggles and declining average selling prices. The company's balance sheet is concerning, with high debt and negative working capital, although it has $2 billion in available liquidity from its founder and lending facilities. VinFast has reduced its 2024 delivery target and delayed its US facility timeline, leading to lowered analyst revenue estimates and a stretched valuation.
Why Are Investors Backing Off VinFast Auto?
VinFast's loss widened year over year. Full-year delivery estimates will be challenging to achieve.
VinFast Auto Ltd. (VFS) Q2 2024 Earnings Call Transcript
VinFast Auto Ltd. (NASDAQ:VFS ) Q2 2024 Earnings Conference Call September 20, 2024 8:00 AM ET Company Participants Nhi Nguyen - Investor Relations Le Thi Thu Thuy - Chairwoman Nguyen Thi Lan Anh - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Steven Wahrhaftig - Wedbush Securities Tyler DiMatteo - BTIG Operator Good day and thank you for standing by.
Vietnamese EV maker VinFast reports wider sequential gross loss
Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend, its exchange filing showed.
U.S. opens probe into around 3,118 VinFast vehicles
The U.S. National Highway Traffic Safety Administration on Thursday said it has opened a probe into about 3,118 VinFast vehicles over reports that the Lane Keep Assist System was not functioning correctly.
VinFast stock has stalled: brace for volatility ahead of earnings
VinFast (VFS) stock price has remained in a tight range since October last year as concerns about the Vietnamese company continued. In this period, the stock has remained between the key support at $2.10 and the resistance point at $9.
Does VinFast Auto's 67% Surge Make It a Buy Now?
VinFast's deliveries to an affiliate company may inflate sales figures. The EV maker has delayed its North Carolina factory yet again.
Should You Buy VinFast Auto Stock While It's Below $5?
VinFast struggled to ramp up its deliveries last year. Its North American expansion faces significant roadblocks.
Vietnam's VinFast delays US electric car plant amid market slowdown
Vietnamese electric vehicle (EV) maker VinFast is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast for this year by 20,000 units amid uncertainties in the global EV market.
VinFast Auto's EV Sales Target: Stock Market Hype or Reality?
VinFast Auto Ltd. NASDAQ: VFS is a Vietnamese manufacturer of electric vehicles (EVs), e-buses, and e-scooters.
Shareholders of VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Should Contact Levi & Korsinsky Before June 11, 2024 to Discuss Your Rights - VFS
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / If you suffered a loss on your VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ:VFS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E.
