VinFast is Down 90% From its Peak and Likely to Fall More
Since skyrocketing after its SPAC IPO debut, VinFast crashed by more than 90%.
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
After topping the list in 2022, Tesla was once again one of the most shorted large-cap stocks last years.
Since skyrocketing after its SPAC IPO debut, VinFast crashed by more than 90%.
Shares of Tesla fell more than 2.2% on Friday after the company unveiled the latest series of price cuts.
Shares of VinFast initially rose at Thursday market open on stronger-than-expected Q3 report, only to lose those gains in the next hour.
Rivian shares plunged 9% in the premarket on the company's $1.5 billion convertible bond sale announcement.
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Tesla's stock rose 5.7% in premarket trading on Monday after Morgan Stanley analysts hiked their price target on the stock to $400.
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The $7,500 tax credit, coupled with other US tax breaks, could lower the price of Model 3 Tesla to as low as $25,240.
Tesla shares surged 5% on Monday as more good news came from the Chinese and European markets.
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