Soaring EV Stock Chanos Calls ‘Insane’ Is a Dangerous Short
- VinFast’s market value surpasses that of Citigroup and Goldman
- Shorting the stock may not be the best strategy, Maybank says
The charging port of a VinFast Auto VF8 electric vehicle.
Photographer: Linh Pham/BloombergThis article is for subscribers only.
VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.”
Yet betting against the US-listed automaker is a risky endeavor.