NKLA - Tesla Investor Says VinFast At $200B Market Cap 'Even Bigger Bubble' Than Nikola Was In 2020 | Benzinga
Vietnamese electric vehicle startup VinFast Auto Ltd. (NYSE:VF) has seen its shares catapult from under $11 at the time of its SPAC listing to over $82, giving it a heady valuation of more than $191 billion.
According to Benzinga Pro data, the stock closed Monday's session up 19.75% at $82.35. The strong gains have made VinFast the third most valued automaker after Tesla and Toyota Motors
What Happened: Commenting on the development, noted Tesla investor and Future Fund Managing Partner Gary Black said VinFast at $200 billion market cap is an even bigger bubble than Nikola Corp. (NASDAQ:NKLA), which in 2020 traded at $60 ...