Remember VinFast? Yep, the Vietnam-based electric car maker (symbol VFS) which got cute and distributed a tiny little bit of their shares in the market so that it could get squeezed crazy-high for a couple of weeks (only to lose virtually its entire value). Well, it has managed to hammer out a base and is starting to zip higher again.
This just goes to show how ridiculous the market has become, because even joke companies are coming back into style again, after having wiped out 90% of shareholder value only weeks ago. Let’s just say I don’t think Tesla has anything to worry about here.
