Topics

Posted 8/30/2023, 12:27:00 PM

VinFast shares tanks after Jim Chanos brands it a 'meme stock'

Short-selling legend Jim Chanos described VinFast Auto as a "$200 billion meme stock" just hours before its stock dropped by more than 40%, questioning its valuation and highlighting the difficulties of shorting the stock due to its limited availability.

fortune.com

Relevant topic timeline:

8/16/2023

EV maker Vinfast still worth more than Ford and GM after stock tanks 19%

Main topic: VinFast's remarkable debut on the Nasdaq public exchange and its ambitious plans to break into the U.S. marketplace. Key points: 1. VinFast's stock price soared 68% on its debut, giving it a valuation of $86 billion, surpassing established automakers like Ford, GM, and Stellantis. 2. Despite a subsequent drop in stock price, VinFast still maintains a market cap ahead of other automakers. 3. VinFast aims to enter the U.S. market by building a $2 billion EV factory in North Carolina and opening showrooms in California and other states. Hint on Elon Musk: Elon Musk is the CEO of Tesla, a prominent electric vehicle manufacturer, and the search for the next Tesla may be driving investor interest in VinFast.

8/22/2023

VinFast shares more than double to highest since market debut

Shares of VinFast, a Vietnamese electric vehicle maker, surged over 100% after news broke that South Korea's Star Group Industrial plans to open a factory in Vietnam, boosting market capitalization to $95 billion.

8/22/2023

VinFast Stock Soars 109%. It’s a Head-Scratcher.

VinFast Auto stock experiences a 109% surge, attracting traders, but it remains a puzzling phenomenon.

8/25/2023

EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious

VinFast Auto, a Vietnamese electric vehicle (EV) company that recently went public through a SPAC merger, has seen its stock price surge to irrational levels despite dismal financial performance and questionable fundamentals, making it a prime candidate for an imminent crash.

8/29/2023

VinFast Auto plunges 31% on market cap reality check

VinFast Auto's stock price dropped over 31% due to a reality check after a strong rally, but it remains the third most valuable automobile stock with a market cap of around $95 billion; analysts warn of unsustainable valuation and advise against investing in it.

8/29/2023

VinFast Stock Plunges, Wiping Out $90 Billion in Market Value

Vietnamese EV start-up VinFast's stock plunges, losing $90 billion in market value.

8/30/2023

VinFast’s Wild Trading Offers 5 Lessons About the Stock Market

VinFast Auto, a Vietnamese EV start-up, offers valuable lessons about the stock market through its wild trading, teaching seasoned traders in just a short period of time.

9/7/2023

VinFast market cap shrinks more than $140 billion in two weeks

Electric-vehicle startup VinFast Auto Ltd. has experienced a significant decline in market capitalization, losing over $140 billion in less than two weeks due to a continuous drop in its stock price.

9/22/2023

VinFast Shares Drop After Large Quarterly Loss Despite Solid Outlook

VinFast Auto stock is experiencing a sharp decline due to a significant quarterly loss, despite a positive forecast for the full year.

Topics

Posted 8/30/2023, 12:27:00 PM

VinFast shares tanks after Jim Chanos brands it a 'meme stock'

fortune.com

Relevant topic timeline:

8/16/2023

EV maker Vinfast still worth more than Ford and GM after stock tanks 19%

8/22/2023

VinFast shares more than double to highest since market debut

8/22/2023

VinFast Stock Soars 109%. It’s a Head-Scratcher.

VinFast Auto stock experiences a 109% surge, attracting traders, but it remains a puzzling phenomenon.

8/25/2023

EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious

8/29/2023

VinFast Auto plunges 31% on market cap reality check

8/29/2023

VinFast Stock Plunges, Wiping Out $90 Billion in Market Value

Vietnamese EV start-up VinFast's stock plunges, losing $90 billion in market value.

8/30/2023

VinFast’s Wild Trading Offers 5 Lessons About the Stock Market

VinFast Auto, a Vietnamese EV start-up, offers valuable lessons about the stock market through its wild trading, teaching seasoned traders in just a short period of time.

9/7/2023

VinFast market cap shrinks more than $140 billion in two weeks

Electric-vehicle startup VinFast Auto Ltd. has experienced a significant decline in market capitalization, losing over $140 billion in less than two weeks due to a continuous drop in its stock price.

9/22/2023

VinFast Shares Drop After Large Quarterly Loss Despite Solid Outlook

VinFast Auto stock is experiencing a sharp decline due to a significant quarterly loss, despite a positive forecast for the full year.