Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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12. VinFast Auto Ltd (NASDAQ:VFS)

Number of Hedge Fund Holders In Q4 2024: 5

VinFast Auto Ltd (NASDAQ:VFS) is a Vietnamese automotive company that designs and manufactures electric vehicles (EVs), e-scooters, and e-buses.

The stock is down significantly so far in 2025 as VinFast continues to incur substantial losses. For instance, in Q3 2024, the company reported a net loss of $550 million and a gross margin of negative 24%.

The EV market remains highly competitive, with established players like Tesla and emerging competitors offering better margins and scale. VinFast’s aggressive pricing strategy has yet to translate into profitability or significant market share outside Vietnam.

The consensus price target of $8 implies 152.76% upside.

VFS stock is down 20.60% year-to-date.

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