After a much-touted SPAC merger, VinFast Auto (NASDAQ:VFS) stock is now available for trading. Don’t expect to hit the jackpot, though, as VinFast Auto isn’t in an ideal financial position. All in all, I am neutral on VFS stock and am waiting for the process of price discovery to play out before considering a long or short position.
Are electric vehicle (EV) SPAC stocks a thing of the past? Apparently not, as VinFast Auto debuted on Wall Street recently to much fanfare. VinFast Auto is based in Vietnam, and it’s another member of the growing list of EV manufacturer start-ups that were thrust into the spotlight after a quick share-price surge.
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