EV Stock Bubble?
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The company [Vietnamese electric-vehicle maker Vinfast] made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker - only behind Tesla (TSLA.O) and Toyota (7203.T).
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Vinfast expects to sell as many as 50,000 electric vehicles this year, ...$160 Billion market cap, more "valuable" than Ford or GM ... expects to sell 50,000 vehicles this year.
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I test drove one of Vinfast's vehicle. It performed well and nice for the short duration I drove it. But it also had similar trappings like the other EVs, such as a giant flat screen in the middle of the dash, like a vertically oriented iPad but much bigger, and that's my biggest complaint -- that big glass surface can be blinding to the driver when reflecting sunlight in the wrong angle.
