LOl, from the "are you sheeting me" department:
Quote:
Tesla stock hit a new high before closing down. The problem is it didn’t. It was a stock that resembles Tesla, the electric-vehicle pioneer. Investors appeared to be confused by near-identical stock tickers: TSLA and TLSA.
The stock in question is TLSA, or Tiziana Life Sciences, and investors sent it to an intraday record on Wednesday in apparent confusion with Tesla. Interestingly, its move over the past month is strikingly similar to the stock of Tesla (TSLA). Tiziana stock is up 47% over the past month. Tesla shares are up 56%. What’s more, Tiziana shares are up 219% year to date, while Tesla shares have gained 270%.
Tiziana is a biotech company with no sales and one analyst covering the company, according to Bloomberg. At the beginning of the year, the stock had a market value of less than $75 million.
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