Shares of electric-vehicle startup VinFast Auto Ltd. have surged since the company went public through a special-purpose acquisition company deal last week, taking its market capitalization to levels well beyond established automakers such as Ford Motor Co. and General Motors Co.
In roughly a week, the VinFast stream on Stocktwits, a social platform for investors and traders, has racked up about 3,000 watchers, and message volume is “pretty consistent” throughout the day, according to Tommy Tranfo, Stocktwits’ head of community, and Tom Bruni, a senior writer for the platform.
“From the community side: [We] think what we’re paying attention to the most right now is if this hype sticks,” they added. The EV maker is a majority-owned affiliate of Vietnamese conglomerate Vingroup, one of the largest publicly traded companies in Vietnam. VinFast says that as of June 30, 2023, the company has delivered close to 19,000 EVs.