Barrons
After an epic first day of trading on the Nasdaq, VinFast (ticker: VFS) closed at $37.06, up 255%, giving the EV start-up a market capitalization of roughly $86 billion. That’s more than the market cap of Ford Motor (F), General Motors (GM), Volkswagen (VOW3.Germany), and BMW (BMW.Germany). It’s even more than Hyundai Motor (005830.Korea) and Kia (000270.Korea) combined.
VinFast is also worth more than all U.S. EV start-ups combined, worth more than profitable EV start-up Li Auto (LI), and when including debt and cash, worth more than Chinese EV leader BYD (1211.Hong Kong).
It’s a lot. More
Rainbows 🌈 and unicorns 🦄 for everyone!
I love the smell of napalm in the morning…
I’ve had the pleasure of bumping into some really good business men while running my biz. 10-15 years ago they were all saying China’s economy is not a threat to us. The one you need to watch is Vietnam. Their people are smart, resourceful, and have a great work ethic. Just the opposite of Chyna.
I’m still holding out for my Yugo stock to reach it’s potential…
Seriously though, South Korea’s auto makers were a joke when they first started.
They got it together and became big players.
Of their lineup, there’s only 1 car you can order now, the VF-8.
It has these features:
* Facial recognition so it customizes settings based on driver (DON’T WANT IT)
* Vegan leather seats (DON’T WANT IT)
* Ambient lighting (DON’T WANT IT)
* Heated steering wheel (DON’T WANT IT)
* All features controlled with a 15.6″ iPAD (REALLY DON’T WANT IT)
* All electric (DOUBLE DON’T WANT IT)
* Sustainable luxury (Apparently slave kids mining cobalt is sustainable)
* You have the luxury of sitting around in some sketchy parking lot for 31 minutes while it charges to 70% in a best case scenario. (DON’T WANT IT)
Conveniently missing from the specs is curb weight. At 0 to 62 MPH in 5.5 seconds, this thing has to weigh a shit ton. Oh, did I mention that’s the PLUS model? The ECO model is worse, 349 HP.
All their other models are in the pipeline. This company is selling the future today while promising a bunch of needless bullshit.
Give me 4 wheels, a steering wheel, three pedals, a couple doors and a goddamn engine that runs on gasoline, a high energy fuel source made by our sun. I don’t want anything else.
^^^^^ Diesel.
How’s Rivian Doing?
$129.95 – Nov 2021
$21.04 Today
That’s a SHIT KICKING! 16% if its Original value or 84% LOSS
ecp, not to mention a government controlled Master Cut-Off disconnect.
*In case of wrongthink…
How’s Rivian Doing?
I parked next to one last week. The license plate was a hyphenated “Diversity”. Some faggy looking older white guy. I wanted to beat his ass. But it turns out that sort of thing is frowned upon by the local popo. Walking up behind that thing I realized you’d have a hell of a time putting a trailer hitch on it. Hmmm.
Also. All their planned models are all crossover utility vehicle style. WTF is it with this trend? EVERY DAMN VEHICLE ON THE ROAD LOOKS IDENTICAL. Regardless of who makes it. Fackin hell, I HATE HATE HATE CUVs.
The only place electric motors belong are on the front end of a boat.
“The only place electric motors belong are on the front end of a boat.”
As a bass fisherman, I fully endorse this message.
An electric motor in a blender comes in handy around cocktail time. Just sayin’
Gee Wally. How many US Senators owned this company’s stock before it went up so much I wonder ?!
What in the wide world of sports are “vegan leather seats”?