Pham Nhat Vuong, chairman of VinFast’s parent company in Vietnam, controlled at a minimum 99.1% of the company’s shares before it merged with Black Spade. The company declined to “say what exact percentage of shares outstanding are currently publicly traded,” the Journal reported. If we apply a price-to-sales ratio of two, VinFast’s market capitalization would be $1.26 billion — about 98% below its August 16 market capitalization of $69 billion. Given the number of well-funded competitors vying for EV market share, VinFast must improve its strategy and capabilities to achieve its ambitious growth goals. As of July, Automotive News reported VinFast had sold 128 cars in the U.S. after five months on sale. VinFast shares closed at $37 on their first day of trading — an improvement over Black Spade’s last closing price of $10.45.
But it’s important to remember that the processes involved in developing and manufacturing electric vehicles aren’t all that different from those used by makers of traditional internal-combustion vehicles. That means electric-vehicle manufacturers face high costs just like traditional automakers. One of the biggest challenges in trading is to plan the trade and trade the plan. Even if a trading plan has the potential to be profitable, traders who ignore the rules are altering any expectancy the system would have had. There is no such thing as a trading plan that wins 100% of the time.
Best Online Brokers for Stock Trading
Bloomberg research estimates that EV sales will account for more than half of all car sales by 2048. There is reason to be cautious about investing in companies that are struggling with supply chain issues and do not have a diverse range of products to survive through another financial crisis. It is also useful to follow disruptors in the industry to understand what innovations are expected to drive the market going forward. Electric-vehicle companies might see high growth, which is also exciting for investors.
Luckily for those of you who are stock traders, the automated software available to you is much more advanced than any available to those
who trade in alternative markets. On the other side of the coin, it has much more complexity, so a higher level of market knowledge is
essential. The additional complexity also extends to the setup process, where you must add the appropriate technical indicators, rules for
entry and exit and financial constraints. BinBotPro are working hard to establish themselves as a reputable robot trading platform with 24 hour customer support, 7 days a week. No, you don’t need to know how to code to set up automated trading.
Cons of Autotrading
No matter who you are, you need to eat, sleep and no doubt deal with other interruptions. However, your robot does not suffer from any of these confines; it will just carry on regardless as if you were operating your
trading https://www.xcritical.com/ platform and never miss a great trading opportunity. There are more public automotive companies now than two years ago because EV startups and suppliers have gone public via special purpose acquisition companies (SPACs).
VinFast lost $2.1 billion in 2022 and reported first-quarter revenue down 49% year over year. One very positive and interesting thing for stock traders is the current trend towards AI robots, which ‘learn’ as they trade and
constantly add new information to their databases. Some developers have even gone as far as giving their robot https://www.xcritical.com/blog/what-is-automated-stock-trading-and-how-do-you-get-started/ software a unique named
persona with a surprisingly high level of interactivity. Despite the high price tag, the uptake of this type of service has been
phenomenal. You should choose automated trading software that fits your needs. The computers might do the trading for you, but you’ll be the one who feels pain if things go awry.
COVID-19 and the car industry
It offers advantages such as speed, efficiency, and emotion-free trading. However, there are risks such as technical failures, over-optimization, limited flexibility, and dependencies on market conditions. Ongoing monitoring and oversight are necessary to ensure effective performance while adhering to regulatory requirements. Finally, autotrading systems still need continual monitoring and management even though they can function autonomously.
While software may boast its superb precision and accuracy, it will never be able to think like a human. As a result, it may make systematic errors if the settings are wrong or the algorithms aren’t tested enough. Enhance or build your brokerage business from scratch with our advanced and flexible trading platform, CRM, and a wide range of custom solutions. The Federal Trading Commission has outlined numerous regulations towards automated trading; understand limitations on regulatory standards and best practices in the space per trading laws. For example, certain criteria are outlined for futures commodity trading. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018.