To The Moon

The VinFast Auto trading saga continues to get more and more interesting. Shares of the Vietnamese EV start-up snapped a six-day winning streak, falling 44% Tuesday, wiping out some $90 billion in market value.VinFast's controlling shareholder Pham Nhat Vuong lost about $67 billion in paper wealth. At Monday's close, his VinFast stake was worth roughly $141 billion, enough to place him just below Jeff Bezos on Bloomberg's list of richest humans. At Tuesday's close, his stake was worth about $74 billion, placing him just above Jim Walton, the son of Walmart founder Sam Walton.Vuong's holdings of VinFast stock are a little complicated. About 1.2 billion of VinFast's 2.3 billion shares outstanding are held by Vingroup . Vuong owns 51% of that stock either directly or through Vietnam Investment Group, or VIG, in which Vuong is listed as the sole shareholder. About 1.1 billion shares of VinFast are also held directly by VIG and Asian Star, which is another entity controlled by Vuong.It is

Company faces pressure from bond losses and rising cash yieldsExecutives say business is misundersto

The following companies saw new developments that may affect trading of their securities on Tuesday

The evidence is mounting that companies are having a harder time passing off cost increases to their

The EV industry experiences high growth rates and there are many new market entrants.NIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market China.Both have some unique offerings, trade at a discount compared to Tesla, and grow more quickly. But which one is the better choice?Electric vehicle companies have experienced a big increase in investor interest over the last year, as the EV market continued to expand at a rapid pace. The number of EV sto