← VinFast Auto Ltd. Ordinary Shares overview

VinFast Auto Ltd. Ordinary Shares vs Ferrari NV: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

VinFast Auto Ltd. Ordinary Shares (VFS)

Q3 2026
▲2▼2

VinFast's growth surges but losses and leadership churn persist

  • Strong sales growth Q1 2026 revenue rose 41.7% to $920.7M and deliveries jumped 61%, with Vietnam sales surging and the low-cost VF 2 drawing about 29,000 orders in three days, showing robust demand.

    This is the main positive force behind the stock, showing accelerating demand.

  • Expansion and captive demand GSM's taxi expansion provides a guaranteed buyer, while new dealer financing, 27 Philippine showrooms, an Indonesian joint venture, and supplier contracts support future production and market reach.

    These initiatives underpin future growth and reduce demand risk.

  • Widening losses and operational setbacks Q1 net loss widened to $1.12B, the North Carolina plant faces litigation, and India manufacturing halted, raising concerns about cash burn and execution.

    These are major negative factors weighing on profitability and investor confidence.

  • Leadership churn and rising competition Leadership changed again with the founder's son becoming the fifth CEO, while Tesla's Vietnam entity threatens VinFast's 92% home-market EV share, raising pricing and governance concerns.

    Frequent leadership changes and new competition create uncertainty and pressure.

August 2026
▲2▼2

VinFast's growth surges but losses and leadership churn persist

  • Strong sales growth Q1 2026 revenue rose 41.7% to $920.7M and deliveries jumped 61%, with Vietnam sales surging and the low-cost VF 2 drawing about 29,000 orders in three days, showing robust demand.

    This is the main positive force behind the stock, showing accelerating demand.

  • Expansion and captive demand GSM's taxi expansion provides a guaranteed buyer, while new dealer financing, 27 Philippine showrooms, an Indonesian joint venture, and supplier contracts support future production and market reach.

    These initiatives underpin future growth and reduce demand risk.

  • Widening losses and operational setbacks Q1 net loss widened to $1.12B, the North Carolina plant faces litigation, and India manufacturing halted, raising concerns about cash burn and execution.

    These are major negative factors weighing on profitability and investor confidence.

  • Leadership churn and rising competition Leadership changed again with the founder's son becoming the fifth CEO, while Tesla's Vietnam entity threatens VinFast's 92% home-market EV share, raising pricing and governance concerns.

    Frequent leadership changes and new competition create uncertainty and pressure.

Latest
▲2▼1

VinFast expands global dealer network as Tesla threat looms

  • Dealer financing and network expansion VinFast signed a financing deal with Germany's akf-Bank and 13 Philippine dealers for 27 new showrooms, plus an Indonesia joint venture for 30 outlets. More dealers mean more places to sell cars, supporting future sales and the stock.

    Shows concrete new sales-channel expansion driving demand.

  • New supply contracts signal production ramp Chinese supplier Jifeng won two VinFast seat-assembly contracts worth about 270 million yuan, starting mass production in 2027. Awarding parts contracts for future premium models suggests VinFast is preparing to build more vehicles.

    Supplier contract wins indicate planned production growth.

  • Tesla registers Vietnam entity, threatening home turf Tesla set up a Vietnam legal entity, a first step toward selling cars in VinFast's home market, where VinFast holds 92% of EV sales. A deep-pocketed rival could pressure VinFast's pricing and market share.

    New competitive threat to VinFast's core profit market.

  • Founder's son becomes CEO amid big losses Pham Nhat Quan Anh, the founder's 33-year-old son, was named global CEO, the fifth in the role. The handover comes as Q1 net loss widened to $1.12 billion and India local manufacturing was halted, so execution and governance remain uncertain.

    Leadership change plus weak finances is the key new company-specific risk.

▲3

VinFast's sales boom, path to profit, and new markets drive the story

  • Q1 revenue and deliveries jump VinFast's Q1 2026 revenue rose 41.7% to $920.7 million as EV deliveries climbed 61% to 58,577, with e-scooter deliveries up 219%. More vehicles sold at a growing scale points to stronger demand and supports the stock.

    This is the core new financial and delivery result that shows the business growing.

  • Domestic sales surge and VF 2 orders Vietnam sales jumped 58% in June and 72% in the first half. The new low-cost VF 2 drew about 29,000 orders in three days, and management targets Vietnam break-even by 2027. Strong orders raise hopes losses will shrink.

    It shows demand is accelerating and gives a concrete path toward profitability.

  • GSM taxi expansion gives captive buyer VinFast-linked taxi operator GSM plans to enter the US, Sweden and the Netherlands by year-end ahead of a 2028 Hong Kong IPO. GSM buys every car it uses from VinFast, so its expansion guarantees extra vehicle sales for VinFast.

    It is a new, concrete source of overseas demand tied directly to VinFast sales.

  • Global EV growth helps, but losses and US plant dispute weigh Global EV sales rose 35% in Q2 and Vietnam's EV market more than doubled, with VinFast leading. But VinFast's Q1 net loss widened 58.9% and its North Carolina factory faces a lawsuit, so expansion costs and legal risk remain a real drag.

    It gives the fair counterweight: strong industry demand versus widening losses and legal trouble.

Ferrari NV (RACE)

Q3 2026
▲2▼1

Ferrari's EV launch and raised guidance offset China weakness

  • Luce EV demand exceeds expectations Ferrari's new electric vehicle, the Luce, hit its annual sales target of about 500 units in under two months, with orders now stretching into late 2027. A one-off Luce also sold for a record $40 million, highlighting strong demand for Ferrari's first EV.

    This shows a major new product driving demand and revenue growth.

  • Raised 2026 guidance on strong Q2 results Ferrari reported Q2 revenue up 8% and operating profit up 10%, leading management to raise full-year 2026 revenue guidance to €7.60 billion. High-margin personalizations, share buybacks, and a new Rakuten partnership also supported results.

    This reflects improving financial performance and confidence in future growth.

  • China remains a headwind Weakening consumer demand in China and a shift toward cheaper domestic brands reduced Ferrari's sales there, though less sharply than for mass-premium rivals. This could cap gains if the trend worsens.

    This is a key risk that may limit Ferrari's overall growth.

August 2026
▲4

Ferrari's Buybacks, Record EV Sale, and Raised Guidance Drive Gains

  • Record $40M Electric Supercar Sale Signals Strong Demand Ferrari's one-of-one Luce electric vehicle sold for $40 million, a record for a new car, showing the brand can command extreme exclusivity even in its first EV. This supports pricing power and future demand, pushing the stock up.

    Demonstrates Ferrari's ability to monetize its electric transition and maintain ultra-premium pricing.

  • Q2 Beat and Raised 2026 Guidance on High-Margin Personalizations Ferrari's Q2 revenue rose 8% and operating profit 10%, beating estimates, with raised 2026 revenue guidance to €7.60 billion. High-margin personalizations and a full 2027 order book signal durable earnings growth, lifting the stock.

    Directly shows financial outperformance and forward demand visibility, key drivers of the stock.

  • Ongoing Share Buybacks Return Capital and Support Price Ferrari continued its multi-year buyback program, repurchasing shares across multiple tranches. This reduces share count and signals confidence, typically supporting the stock price by returning cash to shareholders.

    Buybacks are a consistent capital return mechanism that supports the stock and reflects management confidence.

  • Rakuten Partnership Expands Brand Engagement Ferrari signed a partnership with Rakuten effective 2027, though terms are undisclosed. The deal could boost brand reach and commercial activities, especially in Asia, supporting future demand and revenue.

    New partnership may enhance Ferrari's global brand and customer engagement, a potential growth driver.

Latest
▲4

Ferrari's Buybacks, Record EV Sale, and Raised Guidance Drive Gains

  • Record $40M Electric Supercar Sale Signals Strong Demand Ferrari's one-of-one Luce electric vehicle sold for $40 million, a record for a new car, showing the brand can command extreme exclusivity even in its first EV. This supports pricing power and future demand, pushing the stock up.

    Demonstrates Ferrari's ability to monetize its electric transition and maintain ultra-premium pricing.

  • Q2 Beat and Raised 2026 Guidance on High-Margin Personalizations Ferrari's Q2 revenue rose 8% and operating profit 10%, beating estimates, with raised 2026 revenue guidance to €7.60 billion. High-margin personalizations and a full 2027 order book signal durable earnings growth, lifting the stock.

    Directly shows financial outperformance and forward demand visibility, key drivers of the stock.

  • Ongoing Share Buybacks Return Capital and Support Price Ferrari continued its multi-year buyback program, repurchasing shares across multiple tranches. This reduces share count and signals confidence, typically supporting the stock price by returning cash to shareholders.

    Buybacks are a consistent capital return mechanism that supports the stock and reflects management confidence.

  • Rakuten Partnership Expands Brand Engagement Ferrari signed a partnership with Rakuten effective 2027, though terms are undisclosed. The deal could boost brand reach and commercial activities, especially in Asia, supporting future demand and revenue.

    New partnership may enhance Ferrari's global brand and customer engagement, a potential growth driver.

July 2026
▲2▼1

Ferrari's EV backlash fades as demand and profits surge

  • Luce EV demand defies design criticism Ferrari's first electric car, the Luce, hit its annual sales target of about 500 units in under two months, with China's initial allocation selling out. The order book now stretches to late 2027. Strong demand pushes RACE up because it shows the EV is winning buyers despite early criticism.

    This is the clearest new evidence that the EV launch is commercially successful, directly lifting demand expectations.

  • Ferrari raises full-year guidance after Q2 beat Ferrari beat second-quarter revenue and earnings estimates and raised its full-year outlook for revenue, profit, and cash flow. The order book extends through all of 2027. Higher guidance signals the business is stronger than expected, which supports a higher stock price.

    Guidance raises are a direct, fundamental driver of the stock and show management's confidence in future profits.

  • China consumer weakness hits luxury autos European luxury automakers are seeing weaker demand in China as consumers shift to cheaper domestic brands. Ferrari's China sales have fallen, though less sharply than mass-premium car brands. This is a real headwind that could cap RACE's gains, especially if the trend worsens.

    It is the main counterweight in the period, showing a risk to demand that investors should weigh.

▲2▼1

Ferrari's EV backlash fades as demand and profits surge

  • Luce EV demand defies design criticism Ferrari's first electric car, the Luce, hit its annual sales target of about 500 units in under two months, with China's initial allocation selling out. The order book now stretches to late 2027. Strong demand pushes RACE up because it shows the EV is winning buyers despite early criticism.

    This is the clearest new evidence that the EV launch is commercially successful, directly lifting demand expectations.

  • Ferrari raises full-year guidance after Q2 beat Ferrari beat second-quarter revenue and earnings estimates and raised its full-year outlook for revenue, profit, and cash flow. The order book extends through all of 2027. Higher guidance signals the business is stronger than expected, which supports a higher stock price.

    Guidance raises are a direct, fundamental driver of the stock and show management's confidence in future profits.

  • China consumer weakness hits luxury autos European luxury automakers are seeing weaker demand in China as consumers shift to cheaper domestic brands. Ferrari's China sales have fallen, though less sharply than mass-premium car brands. This is a real headwind that could cap RACE's gains, especially if the trend worsens.

    It is the main counterweight in the period, showing a risk to demand that investors should weigh.