VinFast Auto Stock Plunges 11.5% on Weak Q1 Sales and Earnings Report
Wednesday, 17 April 2024, 16:24
VinFast Q1 Sales and Earnings (make that "losses")
VinFast experienced significant revenue growth in Q1, but continued to face substantial financial losses, including a decline in deliveries of electric vehicles.
Is VinFast stock a sell in 2024?
VinFast's attempts to reverse declining sales and expand its reach through new products and markets may not be enough to overcome its ongoing financial challenges, as cash reserves dwindle rapidly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.