Wall St is a manipulated market. Latest evidence: Vietnamese EV worth more than Ford and GM

Posted by freedomforall 9 months ago to Economics
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Excerpt:
"Shares of Vietnam-based electric vehicle (EV) maker VinFast soared more than 68% during the first day of trading on the Nasdaq on Tuesday. The company is now worth more than $85 billion, almost twice as much as Ford or General Motors.

According to Refinitiv data, Ford and GM are valued at $48 billion and $46 billion respectively. Tesla is still the world’s largest automaker by market capitalization, at $739 billion, and Chinese rival BYD is in fourth place with a $93 billion valuation."
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I did no research to verify the data in this article.

All Comments

  • Posted by $ 25n56il4 8 months, 3 weeks ago
    I can't wait to see those EV's on the Gulf Coast of Texas. Catching fire running thru water! Salt is an enemy of Lithium batteries too. N
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  • Posted by mhubb 9 months ago
    wall street has always been a scam, open for manipulation

    look at hillary's cattle futures profits
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  • Posted by mshupe 9 months ago
    This conclusion is without context and without merit. It would help to include the basis for the market capitalization of F and GM and to include the growth potential of this IPO company. Regardless, it is very common for hot issues to soar past a reasonable valuation within the first several days of trading, but it has nothing to do with manipulation by phantom manipulators.
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