Topic starter
August 15, 2023 11:42 PM
VinFast just had its first day trading and is valued at $85B according to this news: https://www.bbc.com/news/business-66517549
Fisker EV's are better but its value is less than $2B. VinFast has backing of VinGroup and has delivered only 11300 EV's so far, but Fisker can deliver more by end of this year. Can someone with financial background explain why investors value VFS more than FSR? Even Lucid and Rivian are valued less than VinFast!
August 16, 2023 4:29 AM
@duicui because the stock market is a giant ponzi scheme wrapped in the illusion that it is somehow based on value and earnings when its just wealthy people manipulating prices.
Will I get my Fisker One delivered before my VW needs its 100K service?? The race is on..
and…… will we still get the $7500 tax credit? Only HF knows…
JEVS reacted
August 16, 2023 4:34 AM
What they have and Fisker does not have, it's their own factory/s and some track racord from the earlier production, including ICEs. Everything else it's just wild speculation at the start of trading.
Topic starter
August 17, 2023 11:25 AM
I've done some researching on VinFast and think this company value is not totally based on its products economically, so its value cannot be used to gauge Fisker or any other EV company - Read on if you're interested in some politics. On the surface it's a car company 99% owned by Vingroup and its chairman, but if you dig deeper into Vingroup which is owned/influenced by a group of powerful political people who have access and control resources in Vietnam (still a communist country). My 2 cent speculation is that these powerful people behind Vingroup have deep pocket and are willing to lose money in VinFast as long as its existence allows them to channel their stolen money/resources and move their people abroad which is safer if any political situation changes in Vietnam.