# VinFast is in the news again

**URL:** <https://community.cartalk.com/t/vinfast-is-in-the-news-again/192320>\
**Category:** General Discussion\
**Created:** [August 16, 2023, 7:42pm UTC](https://community.cartalk.com/t/vinfast-is-in-the-news-again/192320 "2023-08-16T19:42:42Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![VDCdriver](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/vdcdriver/32/30_2.png) [@VDCdriver](https://community.cartalk.com/u/VDCdriver)\
**Post date:** [August 16, 2023, 7:42pm UTC](https://community.cartalk.com/t/vinfast-is-in-the-news-again/192320/1 "2023-08-16T19:42:42Z")

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Its new valuation vaults it past Ford, GM, VW, etc… despite paltry sales numbers and really terrible reviews of the vehicles that it is trying to sell in The US. Somehow, I don’t think that their grossly-inflated valuation can last very long.

> **[Vietnam's VinFast faces stern EV sales test to retain eye-popping valuation](https://www.reuters.com/business/autos-transportation/vietnams-vinfast-faces-stern-ev-sales-test-retain-eye-popping-valuation-2023-08-16/)**
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> Vietnam's EV champion VinFast has managed to sell Wall Street on a Nasdaq listing that values the loss-making startup at more than $85 billion, almost twice as much as Ford or General Motors .

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**Author:** ![old\_mopar\_guy](https://avatars.discourse-cdn.com/v4/letter/o/6bbea6/32.png) [@old\_mopar\_guy](https://community.cartalk.com/u/old_mopar_guy)\
**Post date:** [August 16, 2023, 11:08pm UTC](https://community.cartalk.com/t/vinfast-is-in-the-news-again/192320/2 "2023-08-16T23:08:57Z")

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Im definitely going to take a short position in that stock.