Investors got more electric-vehicle data to digest on Thursday. VinFast Auto and Polestar Automotive both reported third-quarter delivery figures. VinFast also gave investors a look into third-quarter results. Both stocks are up, but the amounts are a little confusing.
Shares are up, anyway, rising 5.6% in premarket trading, while S&P 500 and Nasdaq Composite futures are off 0.2% and 0.1%, respectively. Predicting VinFast stock reactions is next to impossible. The stock is down roughly 90% from an intraday high of $93 a share reached on Aug. 28. Whether that’s good or bad is hard to say. There are no Wall Street analysts with estimates. Rivian Automotive and Ford Motor produce similar losses per EV sold.
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