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Vietnam's EV Maker VinFast Reports $812 Million Q2 Loss [Barron's]

Tesla, Inc. (TSLA)  More Company Research Source: Barrons
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The communist state's first homegrown car manufacturer -- under the Vingroup conglomerate owned by Vietnam's richest man -- is aiming to compete with global EV giants such as Tesla. Advertisement - Scroll to Continue But it has struggled to break into the international market, with its shares fluctuating wildly since debuting on the Nasdaq in August 2023. On Friday, VinFast released its unaudited financial results saying its second-quarter net loss was $812 million. That is almost $40 million higher than last year's July-September period. The company said it delivered more than 35,800 vehicles in the quarter, an on-year increase of 172 percent. Advertisement - Scroll to Continue Revenue for the quarter stood at $663 million, an on-year jump of 91.6 percent. VinFast chairwoman Thuy Le said its Q2 results were "keeping us on track to at least double our deliveries in 2025". VinFast reported last year a net loss of more than $3 billion despite almost tripling deliverie [Read more]
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Stockreport

Vietnam's EV Maker VinFast Reports $812 Million Q2 Loss [Barron's]

Tesla, Inc.  (TSLA) 
More Company Research Source: Barrons
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The communist state's first homegrown car manufacturer -- under the Vingroup conglomerate owned by Vietnam's richest man -- is aiming to compete with global EV giants such as Tesla. Advertisement - Scroll to Continue But it has struggled to break into the international market, with its shares fluctuating wildly since debuting on the Nasdaq in August 2023. On Friday, VinFast released its unaudited financial results saying its second-quarter net loss was $812 million. That is almost $40 million higher than last year's July-September period. The company said it delivered more than 35,800 vehicles in the quarter, an on-year increase of 172 percent. Advertisement - Scroll to Continue Revenue for the quarter stood at $663 million, an on-year jump of 91.6 percent. VinFast chairwoman Thuy Le said its Q2 results were "keeping us on track to at least double our deliveries in 2025". VinFast reported last year a net loss of more than $3 billion despite almost tripling deliverie [Read more]
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EVENT DAY
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS