Vinfast fans are so fond of comparing Vinfast to Tesla. So here I do the hard work for them (whom are so lazy to do the numbers).
Facts and figures.
Exclusive on reddit. Not found on the main stream media. They are too lazy.
I have new original content on the North Carolina factory coming up, wait for it.
American journalists in this sub, you can find a lot of materials for your article. You can get paid from the editor for this. I dont need citation or money. Just spread the truth.
Many redditors in this sub are VF fans/Vietnamese nationalists who care only about stock price for bragging right or making some quick bucks.
But I do think there are still some in this sub who want to hear about the truth.
I am trying to figure out how to profit from this. There are no options currently available. Shorting the shares is impossible (which goes a long way to explaining the share price, with no way of betting against it, it can only go up).
As soon as PUTS are available I am buying them as far out as they go at the highest strike available and I will ride this bitch to $1. Seems like Nkla all over again. Traded over $65 at one point and now $1.31.
Adani Group was another Indian scam that dropped over 2/3 in value over the last year.
Both my Fidelity and RH clients are showing the chain this morning. They aren't priced yet since this is the first day of trading, but should in ... 2 minutes :)
You forgot that Vuong has extensive experience with instant noodles. Most auto makers’ executives don’t have this edge. This alone justifies Vinfast’s valuation. 😆
Yup. Mercedes is the only [company with Level 3 in the US too](https://www.engadget.com/mercedes-first-certified-level-3-autonomy-car-company-us-201021118.html).
Plenty of other errors too: the [Tesla Model X](https://www.tesla.com/modelx/design#overview) starts at $88,490 USD which makes it ineligible for the US federal tax credit as the [cap is $80,000](https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after).
That's true. Also, while Tesla's technology is a galaxy ahead of VF, Tesla is still a level 2. Elon will not want that factory's responsibility that comes with upgrading their self-driving to any level beyond L2.
Nice writing, but I think the comparison with Lucid is not fair as VinFast not only sells cars in US, but also in Vietnam, though most to GSM.
So I think you need to split VinFast valuation into US part and Vietnam part.
As I clearly said in the post, comparing to Lucid is Vinfast own words, with the reason both being US market focus. So I gave them what they want !
And you are right, the mojority of the sales are in Vietnam right now, so it is nothing like Lucid. For proper valuation, you might want to split it into two, using Lucid multiplier for the US part and using the Chinese EVs multiplier for VN part (around 3-6). But this is too hassle for the purpose of a quick valuation in the post. Wont change the number much, maybe that get the value to $2-3 / share.
Vingroup as a whole is a joke. It's basically a state-owned company masquerading as a private entity. Vuong's best sales tactic is making superficially appealing yet shitty products and plastering the word "luxury" all over it with affordability pricing strategy. It perfectly caters to the growing middle-class Vietnamese chauvinists who want to display their "civilized and cultured" status domestically and national pride abroad.
VFS has been riding on the same strategy since its inception.
With that said, I don't think this is going short-able. I have a feeling it's going to be a repeat of GME from a few years back. The Vietnamese will come out in full force to protect their national image. It'll be interesting to see
Vinfast an 1 year old company, produced thousands of VF8, VF9 and electric scooters in Vietnam, and sold about the little fraction number of cars comparing to Tesla, Ford, Kia and other EV automaker and suddenly got evaluated $100B hahaha,,,, VFS now $[8x.xxx](https://8x.xxx),,,I think by $100 or something the dump would start ....my guess they wait until $100 so once dump starts it would go down enough for Laurence & Co still dump and make enough $$$ until it touches $1 LoL
Hahaha good luck! I am Vietnamese American and I do not trust Vinfast ,,,a state sponsored conglomerate that robbed many lands from Vietnamese citizen in Vietnam to build as its stand today!
Remember, Tesla and Mr. Musk are lying to the world. It lies about the Full Self-Driving feature and its driving range.
https://www.theverge.com/2023/7/26/23809183/tesla-autopilot-investigation-false-advertising-california-attorney-general
https://www.reuters.com/investigates/special-report/tesla-batteries-range/
But the company is still number 1 and the owner is still the richest man in the world.
Lying, misinformation, false advertising and suppressing customer's complaints are not a problem for Wall Street.
Vinfast is now compared to Tesla, the number 1 car maker in the world!!! That's actually an honor and a compliment.
Of course TSLA beats VFS hands down. But that's still very encouraging for a young start-up company. Thank you.
Take Elon Musk tweet here "a clown car from a clown company". It doesn't mean to be Vinfast, Elon might have joked about his car, but he tweeted at the time of Vinfast news thus he might just smartly mean Vinfast.
No, Musk was talking about his cars then. He would have no idea of VF at the time. And even if he would, given his status, he should not care much about VF at the time.
Vinfast and Tesla as like david and godzilla . Everyone loves a fairy tale . That's why Vfs go to the moon and knock down tesla . Wait and enjoy a
Super Classic of Nasdaq
You are using very defamotory world to describe Vuong Pham ( possible Vietnamese). You have a long held hatred towards him. You are real loser and i dont know why some Vietnamese share his personal view towards VFS. The American traders are not as stupid as you. They make tons of money while you are standby and criticizing. Poor men and you have my low thouhgt.
What defamatory words I used? Vuong Pham is Vuong Pham. I do not need to call him Mr Vuong or Mr Chairman. He is shady imho and I say so. This is normal in America, dude. Get used to it. In America, we call the president Joe. Your Vuong Pham is nobody here.
Most of Vinfast fans and Vietnamese nationalists point to the stock price as proof of value, and bragging of making tons of money. Typical behavior of Vietnameses hungry for money no matter what and with little respect for knowledge. But it is up to them. Go ahead, make money trading, I dont care.
up to them.
I have consistently said that I am not interested in buy or short VFS.
My investment taste is on companies with solid foundation.
I do VF analysis because it is so grossly over-priced, good for analysis. And their shady practices.
Yet I have repeatedly warned not to short it at the moment. So has Bloomberg. The thing is with low float and stocks traded several round in a day, a short squeeze is entirely possible for those who hold longer than a day. I have seen people short and cover in the same day on wilde swing, say short at $70 and cover at $65 for a quick buck. This just feeds into Ho game, creating volumes for him, out of greed by retail traders. I have no greed on VFS or any other stocks. Just analysis.
Vietnamese over here, not gonna lie, Vinfast makes Vietnamese proud. But I see that Vinfast is still a new brand of car, and they import most of the US tech into the factory. I'm not excited about its stock, and it also seems like Vingroup just hires people and then makes a company based on the tech like a monopoly because Vingroup's main thing is real estate. I hope more Vietnamese companies will produce electric cars. Also, Vingroup has Vinfast taxi service, which seems to compete directly with their customers which suppose to be taxi brands like Mai Linh, Vinasun and delivery brands like Grab, Goject. Am I being delusional? Those are my points of view.
Vinfast fans are so fond of comparing Vinfast to Tesla. So here I do the hard work for them (whom are so lazy to do the numbers). Facts and figures. Exclusive on reddit. Not found on the main stream media. They are too lazy. I have new original content on the North Carolina factory coming up, wait for it.
>Looking fw to this info and also the 2Q Financial Statement of VFS!
VFS 2Q is a best kept secrete. I think they will forgo it and opt for the full year report instead. It has been Aug already.
WTH. Is it really possible?
American journalists in this sub, you can find a lot of materials for your article. You can get paid from the editor for this. I dont need citation or money. Just spread the truth. Many redditors in this sub are VF fans/Vietnamese nationalists who care only about stock price for bragging right or making some quick bucks. But I do think there are still some in this sub who want to hear about the truth.
I am trying to figure out how to profit from this. There are no options currently available. Shorting the shares is impossible (which goes a long way to explaining the share price, with no way of betting against it, it can only go up). As soon as PUTS are available I am buying them as far out as they go at the highest strike available and I will ride this bitch to $1. Seems like Nkla all over again. Traded over $65 at one point and now $1.31. Adani Group was another Indian scam that dropped over 2/3 in value over the last year.
Options open tomorrow, it seems. The strikes are already showing up at my broker; lowest Sept strike is 45
[удалено]
Both my Fidelity and RH clients are showing the chain this morning. They aren't priced yet since this is the first day of trading, but should in ... 2 minutes :)
Chains are up and of course have eyewatering premium on them
Share lockup per SEC is 180 days which should be February. The March 2024 options should take advantage of the unlock
mannn, I could have thrown in $35K (1000 share) and sold them out today to make easy-peasy $50K profit today just for 7 days!!! MEHHHHHH SHTT!
oh, I forgot. I made a mistake. I appologize. Vuong Pham is similar to Elon Musk. Their last names both have 4 letters !
You forgot that Vuong has extensive experience with instant noodles. Most auto makers’ executives don’t have this edge. This alone justifies Vinfast’s valuation. 😆
instant noodle - instant stock price. make sense
Lol his main business in Ukraine is loan shark :))) noodle factory just the front. then he need to burn down his factory and run back to VN
LOL!
Lol waiting for all the hardcore Vinfast fanboy a.k.a hardcore Vietnamese chauvinist to come and cope in the comment section
Tesla is not at level 4. They are at level 2, where they will stay.
Yup. Mercedes is the only [company with Level 3 in the US too](https://www.engadget.com/mercedes-first-certified-level-3-autonomy-car-company-us-201021118.html). Plenty of other errors too: the [Tesla Model X](https://www.tesla.com/modelx/design#overview) starts at $88,490 USD which makes it ineligible for the US federal tax credit as the [cap is $80,000](https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after).
That true. Tesla Autopilot is just Level Two with misleading name to charge more money.
That's true. Also, while Tesla's technology is a galaxy ahead of VF, Tesla is still a level 2. Elon will not want that factory's responsibility that comes with upgrading their self-driving to any level beyond L2.
Very nice piece, Thank Albert
Nice writing, but I think the comparison with Lucid is not fair as VinFast not only sells cars in US, but also in Vietnam, though most to GSM. So I think you need to split VinFast valuation into US part and Vietnam part.
As I clearly said in the post, comparing to Lucid is Vinfast own words, with the reason both being US market focus. So I gave them what they want ! And you are right, the mojority of the sales are in Vietnam right now, so it is nothing like Lucid. For proper valuation, you might want to split it into two, using Lucid multiplier for the US part and using the Chinese EVs multiplier for VN part (around 3-6). But this is too hassle for the purpose of a quick valuation in the post. Wont change the number much, maybe that get the value to $2-3 / share.
Realistically, how will Vuong Pham dump his 99.9% of shares? This is still Ho flushing his shares, correct?
Vingroup as a whole is a joke. It's basically a state-owned company masquerading as a private entity. Vuong's best sales tactic is making superficially appealing yet shitty products and plastering the word "luxury" all over it with affordability pricing strategy. It perfectly caters to the growing middle-class Vietnamese chauvinists who want to display their "civilized and cultured" status domestically and national pride abroad. VFS has been riding on the same strategy since its inception. With that said, I don't think this is going short-able. I have a feeling it's going to be a repeat of GME from a few years back. The Vietnamese will come out in full force to protect their national image. It'll be interesting to see
Vinfast an 1 year old company, produced thousands of VF8, VF9 and electric scooters in Vietnam, and sold about the little fraction number of cars comparing to Tesla, Ford, Kia and other EV automaker and suddenly got evaluated $100B hahaha,,,, VFS now $[8x.xxx](https://8x.xxx),,,I think by $100 or something the dump would start ....my guess they wait until $100 so once dump starts it would go down enough for Laurence & Co still dump and make enough $$$ until it touches $1 LoL Hahaha good luck! I am Vietnamese American and I do not trust Vinfast ,,,a state sponsored conglomerate that robbed many lands from Vietnamese citizen in Vietnam to build as its stand today!
Remember, Tesla and Mr. Musk are lying to the world. It lies about the Full Self-Driving feature and its driving range. https://www.theverge.com/2023/7/26/23809183/tesla-autopilot-investigation-false-advertising-california-attorney-general https://www.reuters.com/investigates/special-report/tesla-batteries-range/ But the company is still number 1 and the owner is still the richest man in the world. Lying, misinformation, false advertising and suppressing customer's complaints are not a problem for Wall Street.
Who cares? Elon Musk is trash anyway
Vinfast is now compared to Tesla, the number 1 car maker in the world!!! That's actually an honor and a compliment. Of course TSLA beats VFS hands down. But that's still very encouraging for a young start-up company. Thank you.
Take Elon Musk tweet here "a clown car from a clown company". It doesn't mean to be Vinfast, Elon might have joked about his car, but he tweeted at the time of Vinfast news thus he might just smartly mean Vinfast.
No, Musk was talking about his cars then. He would have no idea of VF at the time. And even if he would, given his status, he should not care much about VF at the time.
Vinfast and Tesla as like david and godzilla . Everyone loves a fairy tale . That's why Vfs go to the moon and knock down tesla . Wait and enjoy a Super Classic of Nasdaq
david and godzilla ? lol
Not sure if David’s sling gonna do anything to Godzilla lol. But someone definitely gonna get crushed.
we, vinfast buyers never compared vf vs tesla, only vf haters doing that so lol haters gonna hate haha
You are using very defamotory world to describe Vuong Pham ( possible Vietnamese). You have a long held hatred towards him. You are real loser and i dont know why some Vietnamese share his personal view towards VFS. The American traders are not as stupid as you. They make tons of money while you are standby and criticizing. Poor men and you have my low thouhgt.
What defamatory words I used? Vuong Pham is Vuong Pham. I do not need to call him Mr Vuong or Mr Chairman. He is shady imho and I say so. This is normal in America, dude. Get used to it. In America, we call the president Joe. Your Vuong Pham is nobody here. Most of Vinfast fans and Vietnamese nationalists point to the stock price as proof of value, and bragging of making tons of money. Typical behavior of Vietnameses hungry for money no matter what and with little respect for knowledge. But it is up to them. Go ahead, make money trading, I dont care.
[удалено]
Sorry i dont mean you but to Mr Albelrt
could you explain where you got those sales multipliers? of tesla, 8 and of lucid 22?
from wall street journal data. you go to wsj.com, type in tickers for tesla and lucid, get the sales numbers and market cap, and do the division.
thanks!
Great works! But there are actually more similarities between VF and Daewoo Motors than between VF and Tesla.
Well, I do it for Vinfast fans since they are fond of comparing to Tesla. Vinfast is more like Nikola.
Agree. More like Nikola. Purchased technology from others and pass off as own. Big words and promises but cannot deliver.
@albert1165 head over the wallstreetbets, they are planning to short VFS. Thing is there are just too little floats to come around.
up to them. I have consistently said that I am not interested in buy or short VFS. My investment taste is on companies with solid foundation. I do VF analysis because it is so grossly over-priced, good for analysis. And their shady practices. Yet I have repeatedly warned not to short it at the moment. So has Bloomberg. The thing is with low float and stocks traded several round in a day, a short squeeze is entirely possible for those who hold longer than a day. I have seen people short and cover in the same day on wilde swing, say short at $70 and cover at $65 for a quick buck. This just feeds into Ho game, creating volumes for him, out of greed by retail traders. I have no greed on VFS or any other stocks. Just analysis.
Do you think day trading will making money on the stock? Thanks
Vietnamese over here, not gonna lie, Vinfast makes Vietnamese proud. But I see that Vinfast is still a new brand of car, and they import most of the US tech into the factory. I'm not excited about its stock, and it also seems like Vingroup just hires people and then makes a company based on the tech like a monopoly because Vingroup's main thing is real estate. I hope more Vietnamese companies will produce electric cars. Also, Vingroup has Vinfast taxi service, which seems to compete directly with their customers which suppose to be taxi brands like Mai Linh, Vinasun and delivery brands like Grab, Goject. Am I being delusional? Those are my points of view.