Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a ‘$200 billion meme stock’

• Vietnamese electric carmaker VinFast has seen its shares skyrocket since it went public on August 15.
• Its market capitalization now stands at over $190 billion – but some investors cannot hide their disbelief. 
• Veteran short-seller Jim Chanos called the carmaker a “$200B meme-stock” in a post on X.

Vietnamese carmaker VinFast’s shares have staged a sizzling rally since the company’s US stock-market debut two weeks ago.

Monday’s close saw the market capitalization of the lossmaking EV firm hit an eye-watering $190 billion – more than Ford, General Motors, and Chrysler Stellantis combined.