Tesla and Rivian Get Another Electric Pickup Truck Competitor: VinFast
The Vietnamese EV start-up VinFast unveiled an all-electric pickup truck at CES, joining a field where Tesla, Rivian, and Ford are big players.
Source: marketwatch.com
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The Vietnamese EV start-up VinFast unveiled an all-electric pickup truck at CES, joining a field where Tesla, Rivian, and Ford are big players.
The Vietnamese electric vehicle start-up reported a second-quarter net loss of about $514 million from sales of about $307 million.
The Singapore-based company is already worth more than GM or Ford.
Supply and demand of an individual stock matter to the price over a short time span, just like earnings and cash flow matter over the long run.