Veteran Short-Seller Jim Chanos Calls Newly-Listed Vietnamese EV Maker VinFast A '$200 Billion Meme Stock'
Portfolio Pulse from Benzinga Neuro
Jim Chanos, a renowned short seller, has expressed concerns over the $200 billion market capitalization of Vietnamese EV maker VinFast Auto (NASDAQ:VFS), terming it a '$200B meme-stock'. Chanos pointed out the disparity between VinFast's surging market cap and its vehicle production. Despite not being fully operational in the U.S., VinFast's valuation has skyrocketed, making it the third largest automaker by market capitalization globally.
August 30, 2023 | 3:11 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jim Chanos, a well-known short seller, has raised concerns about the high market capitalization of VinFast Auto, terming it a 'meme stock'. This could potentially impact investor sentiment and the stock's performance.
Jim Chanos is a well-known figure in the investment community and his views can significantly influence investor sentiment. His concerns about VinFast's high market capitalization, despite its limited vehicle production, could lead to increased scrutiny of the company's valuation and potentially negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100