La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Farfetch a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Farfetch..

Farfetch (OTC:FTCHQ) Azioni, Catena delle Opzioni

Farfetch Ltd is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with over 1,000 luxury goods sellers to offer their inventory on the platform. When making the retailers' stock available to almost a million active customers, the company charges a cut of over 30% (third-party take rate). The company operates digital marketplace platform Farfetch, Browns stores, acquired branded company New Guard Group and Farfetch solutions, powering e-commerce operations of luxury brands.

Farfetch Ltd

Macro Economic Events

News

Econ #s

Economics

Germany Consumer Price Index (MoM) For February 0.4% Vs. 0.4% Est.; -0.2% Prior

Germany Consumer Price Index (YoY) For February 2.3% Vs. 2.3% Est.; 2.3% Prior

U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For January 0.2% Vs. 0.3% Est.; 0.1% Prior

U.K. Manufacturing Production (MoM) For January -1.1% Vs. 0.0% Est.; 0.7% Prior

U.K. Industrial Production (MoM) For January -0.9% Vs. -0.1% Est.; 0.5% Prior

U.K. Gross Domestic Product (MoM) For January -0.1% Vs. 0.1% Est.; 0.4% Prior

Ali Martinez, a prominent market analyst, recently tweeted about a potential price rebound for&nbsp;GameStop Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), citing&nbsp;a buy signal on the&nbsp;TD Sequential indicator.
What Happened: On Thursday, Martinez shared his observations on GameStop&#8217;s stock performance on X. He pointed out that the TD Sequential indicator, a tool used to predict trend reversals in stock prices, was showing a buy signal for the video game retailer. The stock also climbed 1.37% during the overnight trading session on Robinhood.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GameStop <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> could be setting up for a price rebound as the TD Sequential indicator presents a buy signal on the weekly chart! <a href="https://t.co/rqeArv22XZ">pic.twitter.com/rqeArv22XZ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1900373567096971552?ref_src=twsrc%5Etfw">March 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Since 2020, GameStop has been highly volatile as a meme stock, primarily fueled by retail investor enthusiasm on platforms like Reddit. Retail investors on Reddit's r/WallStreetBets sparked the 2021 GameStop "meme stock" frenzy through a short squeeze, significantly affecting hedge funds that had wagered against it. Although its fundamentals are weak, Martinez&#8217;s analysis indicates that traders may expect a price rebound after a period of decline.
See Also: <a href="https://www.benzinga.com/news/global/25/03/44316550/vodafone-shares-rise-after-securing-network-expansion-deal-with-nokia-whats-going-on">Vodafone Shares Rise After Securing Network Expansion Deal With Nokia: What&#8217;s Going On?</a>
Why It Matters: GameStop&#8217;s stock has been under pressure recently due to broader market concerns.&nbsp;The company&#8217;s shares <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44234631/whats-going-on-with-gamestop-stock-monday-2">moved lower on Monday</a> amid recession worries and uncertainty regarding tariffs and trade policy. 
Earlier this month, President Donald Trump imposed significant tariffs on imports from Canada, Mexico, and China, causing market instability. Despite these challenges, Martinez&#8217;s post suggests that GameStop may&nbsp;be setting up for a&nbsp;price rebound, offering a glimmer of hope for investors ahead of its fourth quarter results on March 25.
February reports about the addition of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies to GameStop&#8217;s balance sheet helped the stock surge. CEO Ryan Cohen&#8216;s meeting with Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor also added to the speculation. Notably, Martinez in a previous post urged investors to <a href="https://www.benzinga.com/25/03/44320586/bitcoin-sees-potential-bullish-breakout-toward-91000">monitor the $74,000 </a>level of Bitcoin closely and indicated a &#8216;potential trend shift&#8217;.
Price Action: GameStop stock closed on Thursday at $21.95, marking a decline of 19% over the past 30 days, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
According to Benzinga Edge Ranking, GameStop outperforms SuperMicro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) in momentum and growth but lags in value metrics.
GameStop <a href="https://www.benzinga.com/quote/GME">Edge Ranking</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="642" height="102" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021115/image-113.png" alt="" class="wp-image-824302" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021115/image-113.png 642w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021115/image-113-300x48.png 300w" sizes="(max-width: 642px) 100vw, 642px" /></figure>
SuperMicro Computers <a href="https://www.benzinga.com/quote/SMCI">Edge Ranking</a>: 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="646" height="104" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021224/image-114.png" alt="" class="wp-image-824303" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021224/image-114.png 646w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14021224/image-114-300x48.png 300w" sizes="(max-width: 646px) 100vw, 646px" /></figure>
Read More:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44294672/palantirs-4-million-arpc-estimate-flawed-says-pharma-bro-martin-shkreli-but-i-wouldnt-bet-against-them">Palantir&#8217;s $4 Million ARPC Estimate &#8216;Flawed,&#8217; Says &#8216;Pharma Bro&#8217; Martin Shkreli, But &#8216;I Wouldn&#8217;t Bet Against Them&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

$BTC

MSTR

SMCI

GameStop Stock Poised For A Rebound? This Analyst Predicts Potential Price Uptick

iQIYI Breaks Ground On First Theme Park In Yangzhou, Blending IP And Tech For Immersive Visitor Experience

ITGR

Reported Earlier, Integer Holdings Prices Upsized $875M Convertible Senior Notes Due 2030 At 1.875%

Denison Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DNN#AMEX">DNN</a>) reported quarterly losses of C$(0.03) per share which missed the analyst consensus estimate of C$(0.02) by 50 percent. This is a 175 percent decrease over earnings of C$0.04 per share from the same period last year. The company reported C$1.17 million in sales this quarter. This is a 7.14 percent increase over sales of C$1.09 million the same period last year.

Earnings

Earnings Misses

Denison Mines Q4 2024 GAAP EPS C$(0.03) Misses C$(0.02) Estimate, Sales C$1.17M Up From C$1.09M YoY

VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.04 by 75 percent. This is a 81.08 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $121.70 million which beat the analyst consensus estimate of $107.80 million by 12.89 percent. This is a 18.41 percent decrease over sales of $149.15 million the same period last year.

Earnings Beats

VAALCO Energy Q4 2024 Adj EPS $0.07 Beats $0.04 Estimate, Sales $121.70M Beat $107.80M Estimate

Reported Earlier, GUESS?, WHP Global Announce Five-Year Deal With Signal Brands To Grow rag & bone Accessories Business

The four compendia comprise Merative Micromedex&#xAE; RED BOOK&#xAE;, First Databank FDB MedKnowledge&#xAE; Drug Pricing, Elsevier Gold Standard Drug Database, and Wolters Kluwer Medi-Span&#xAE; Price Rx&#xAE;.

MESO

Reported Earlier, Mesoblast's Ryoncil Gains Comprehensive Drug Pricing Compendia Access In The U.S.

<ul>
<li>Long-lasting in&nbsp;vivo antibody production: DMAb levels remained stable for 72 weeks in all participants (n=24) who have reached that timepoint</li>
<li>No anti-drug antibodies (ADA): no immune rejection of the&nbsp;DMAbs was detected across ~1,000 blood samples, unlike other gene-based antibody delivery approaches where ADA formation has been a challenge</li>
<li>Well-tolerated: most common side effects were mild, temporary injection site reactions such as pain and redness; no serious adverse events (SAEs) related to study drug</li>
<li>Effective target binding: expressed&nbsp;DMAbs successfully bound to the SARS-CoV-2 Spike protein receptor-binding domain (RBD), confirming functional activity through week 72</li>
</ul>

Reported Earlier, INOVIO Announces 72-Week Data From COVID-19 DNA Antibody Trial With No Serious Adverse Events Or Immune Reactions

For February 2025, Copa Holdings' capacity (ASMs) increased by 1.7%, while system-wide passenger traffic (RPMs) increased by 2.3%, compared to 2024. As a result, the system load factor for the month was 86.7%, 0.4 percentage points higher than in February 2024.

Reported Earlier, Copa Holdings Reports February 2025 Load Factor Of 86.7%, Up 0.4% YoY; Traffic Up 2.3%

Inspired Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSE#NASDAQ">INSE</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/INSE/earnings">opening bell on Monday, March 17.</a>
Analysts expect the New York-based company to report quarterly earnings at 15 cents per share, down from 17 cents per share in the year-ago period. Inspired Entertainment projects quarterly revenue of $79.19 million, compared to $81.2 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 10, Inspired Entertainment announced the expansion of its partnership with Rush Street Interactive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>).
Inspired Entertainment shares fell 6.4% to close at $8.03 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/INSE/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>JMP Securities analyst David Scharf reiterated a Market Outperform rating with a price target of $14 on Jan. 27, 2025. This analyst has an accuracy rate of 66%.</li>
<li>B. Riley Securities analyst David Bain reinstated a Buy rating with a price target of $21 on April 5, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Truist Securities analyst Barry Jonas maintained a Buy rating and cut the price target from $21 to $19 on Oct. 18, 2023. This analyst has an accuracy rate of 65%.</li>
</ul>
Considering buying INSE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="611" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14012828/image-111-1024x611.png" alt="" class="wp-image-824269" style="width:568px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14012828/image-111-1024x611.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14012828/image-111-300x179.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14012828/image-111-768x458.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14012828/image-111.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44298504/top-3-health-care-stocks-youll-regret-missing-this-quarter">Top 3 Health Care Stocks You&#8217;ll Regret Missing This Quarter</a></li>
</ul>

Price Target

Analyst Ratings

Trading Ideas

INSE

Inspired Entertainment Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Cellectis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLLS#NASDAQ">CLLS</a>) reported quarterly losses of $(0.16) per share which beat the analyst consensus estimate of $(0.17) by 5.88 percent. This is a 71.93 percent increase over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $33.22 million which beat the analyst consensus estimate of $9.45 million by 251.59 percent. This is a 1.57K percent increase over sales of $1.99 million the same period last year.

CLLS

Cellectis Q4 2024 Adj EPS $(0.16) Beats $(0.17) Estimate, Sales $33.22M Beat $9.45M Estimate

Despite nearly a 50% drop since mid-December,&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are still too expensive to attract seasoned investor Ross Gerber back into the fold.
What Happened: Ross Gerber, the president and CEO of Gerber Kawasaki Wealth &amp; Investment Management, in an <a href="https://www.businessinsider.com/tesla-stock-price-crash-outlook-ross-gerber-elon-musk-tsla-2025-3">interview </a>with Business Insider, stated that he doesn&#8217;t see a clear path for Tesla&#8217;s stock to rebound this year, even after the significant losses.
The long-term Tesla investor maintains that Tesla&#8217;s stock is still overpriced and believes that for the stock to rebound, Tesla&#8217;s earnings need to increase. On Wednesday, Tesla&#8217;s shares were trading at a forward price-to-earnings ratio of 65, more than three times the valuation multiple of the S&amp;P 500. Gerber considers the stock to be overpriced at its current level, particularly as analysts have downgraded the company&#8217;s projected 2025 vehicle sales for the second consecutive year. &#8220;There&#8217;s this game that is happening now where the fundamental story has to be revalued,&#8221; stated Gerber.
The investor also criticized Musk&#8217;s controversial political actions, which he views as a lasting obstacle for the Tesla brand. Musk&#8217;s close association with President Donald Trump has reportedly led to a shift in the brand&#8217;s political alignment, with Tesla reportedly losing liberal support while gaining conservative buyers. 
The spike in people selling their EVs due to Musk&#8217;s political stance has caused a sharp decline in the value of used Tesla cars. In a satirical post on X on Thursday, Ross Gerber also questioned, &#8216;If a liberal sells their tesla to a conservative. How many new Teslas are sold?&#8217; 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="592" height="169" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14003503/image-108.png" alt="" class="wp-image-824241" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14003503/image-108.png 592w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14003503/image-108-300x86.png 300w" sizes="(max-width: 592px) 100vw, 592px" /></figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44312707/sentinelone-stock-slips-as-analysts-cut-price-forecasts-on-soft-guidance-arr-miss-pr?utm_source=taboola&amp;utm_medium=exchange&amp;tblci=GiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1Vcoub38oPPt0OIfMO-ISg#tblciGiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1Vcoub38oPPt0OIfMO-ISg">SentinelOne Stock Slips As Analysts Cut Price Forecasts On Soft Guidance, ARR Miss, Product Retirement</a>
Why It Matters: The recent decline in Tesla&#8217;s stock price and its overvaluation, as pointed out by Gerber, are significant in the context of Tesla&#8217;s shifting customer base and the political divide among its customers. Gerber had earlier predicted a 50% drop in Tesla&#8217;s stock this year due to CEO Elon Musk&#8216;s shift in focus to other projects. This prediction has been largely accurate, with Tesla&#8217;s stock falling an additional 31% since his comments in late February.
Gerber also highlighted the challenges Tesla faces in the used car market. He likened it to the &#8220;Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) problem,&#8221; where the product&#8217;s high quality reduces the incentive for customers to upgrade frequently.
Furthermore, a recent analyst note by JPMorgan Chase on Wednesday stated that the company lost too much brand value too quickly. It also warned that the EV maker could see the <a href="https://www.benzinga.com/25/03/44295808/tesla-braces-for-lowest-quarterly-deliveries-since-2022-jpmorgan-predicts-a-brand-has-lost-so-much-value-so-quickly">lowest quarterly </a>deliveries since 2022.
Tesla holds a momentum rating of 89.66% and a growth rating of 55.23%, according to&nbsp;<a href="https://www.benzinga.com/report/TSLA" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock's historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="452" height="285" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14004726/image-109.png" alt="" class="wp-image-824245" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14004726/image-109.png 452w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/14004726/image-109-300x189.png 300w" sizes="(max-width: 452px) 100vw, 452px" /></figure>
Read More:
<ul>
<li> <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44295050/peter-schiff-warns-americans-will-be-harmed-most-when-bitcoin-bubble-pops-says-us-has-biggest-crypto-lobby">Peter Schiff Warns Americans Will Be Harmed Most When Bitcoin Bubble Pops, Says US Has Biggest Crypto Lobby</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

TSLA

Ross Gerber Finds Tesla Stock Expensive Despite Its 50% Plunge: Why The Investor Says EV Giant's 'Fundamental Story Has To Be Revalued'

As the S&amp;P 500 enters into a correction zone, leading economists weigh in on whether the U.S. economy is headed toward a recession amid an escalating trade war.
What Happened: Lawrence H. Summers, former U.S. Treasury Secretary, lambasted recent tariff policies, warning of potential recession risks and negative long-term consequences. In an interview with CNN on Thursday, Summers described these tariff policies as a &#8220;self-inflicted wound&#8221; that not only raises costs for businesses and consumers but also poses a threat to national security. He further stated that these policies are alienating allies while benefiting competitors in Asia and Europe.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Laura Coates Live - Tariffs &amp; Uncertainty: Former Treasury Secretary&#039;s Perspective" width="500" height="281" src="https://www.youtube.com/embed/hqOeYy_dBgo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Summers also highlighted&nbsp;the economic uncertainty caused by&nbsp;these policies, stating that it&nbsp;discourages spending and investment, which&nbsp;could potentially slow growth. He&nbsp;dismissed the idea of damaging&nbsp;the economy to pressure the&nbsp;Federal Reserve into cutting interest&nbsp;rates as a flawed strategy.
He warned that the odds&nbsp;of a U.S. recession have&nbsp;risen from 10-15% to nearly&nbsp;50%, primarily due to policy shifts. Summers&nbsp;cautioned that arbitrary tariff increases&nbsp;and spending cuts could have&nbsp;long-term negative consequences.
Meanwhile, Mohamed El-Erian, called the speed of the correction &#8216;eye popping&#8217; in his post on X, following the S&amp;P 500&#8217;s 10% drop in three weeks. In his previous posts, he stated that he expects significant downward revisions to the U.S. 2025 growth projections from the IMF and Wall Street firms, ranging from 0.5 to a full percentage point, compared to the initial consensus forecast of 2.5% at the beginning of the year.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="578" height="217" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13231924/image-106.png" alt="" class="wp-image-824220" style="width:562px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13231924/image-106.png 578w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13231924/image-106-300x113.png 300w" sizes="(max-width: 578px) 100vw, 578px" /></figure>
However, Justin Wolfers, Senior Fellow at Brookings Institute, still holds on to bits of optimism amid pessimism. He told CNN that a recession is &#8216;not inevitable,&#8217; while reasoning that President Donald Trump has inherited a strong U.S. economy and he hasn&#8217;t been at the helm long enough to change much of that.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="605" height="445" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13233651/image-107.png" alt="" class="wp-image-824228" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13233651/image-107.png 605w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/13233651/image-107-300x221.png 300w" sizes="(max-width: 605px) 100vw, 605px" /></figure>
However, he acknowledged that this time, instead of external factors, the chaotic economic policies from the White House are a cause for concern. Wolfers explained how these policies are leading businesses and consumers to pause spending, which &#8216;could&#8217; but &#8216;by no means necessarily&#8217; spark a recession.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44314642/ripple-sec-lawsuit-nears-end-will-xrp-be-classified-as-commodity-like-ethereum">Ripple-SEC Lawsuit Nears End: Will XRP Be Classified As Commodity Like Ethereum?</a>
Why It Matters: The comments from various economists come in the wake of escalating trade tensions. On Thursday, the S&amp;P 500 entered <a href="https://www.benzinga.com/government/regulations/25/03/44317410/sp-500-enters-technical-correction-as-trade-war-fears-rattle-markets">technical correction territory</a>, falling 10% from its all-time high, following Trump&#8217;s latest tariff threats wherein he threatened to impose a 200% tariff on French champagne and EU spirits. 
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), closed at 5,521 points, marking a significant drop from its February 19 peak of 6,147. This fresh wave of selling was triggered by escalating trade tensions, reinforcing economists&#8217; concerns about the potential negative impact of recent tariff policies on the economy.
Read More:
<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44301836/trump-warns-of-200-tariff-on-french-champagne-and-eu-spirits-in-retaliation-to-europes-tariff-on-us-whiskey">Trump Warns Of 200% Tariff On French Champagne And EU Spirits In Retaliation To Europe&#8217;s Tariff On US Whiskey</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's Tariff Policies A 'Self-Inflicted Wound' Says Obama-Era Treasury Secretary Larry Summers, Economists Weigh In As S&P Enters Correction Zone

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) electric vehicle charging stations and home batteries have been excluded from rebates in the Canadian province of British Columbia. This move comes in the wake of tariffs imposed by the U.S. on Canada.
What Happened: BC Hydro, a Crown-owned utility, offers rebates of up to CAD 5,000 ($3464) on eligible battery storage systems and up to CAD 350 ($243) on the purchase and installation of EV chargers. However, Tesla products have been excluded from these rebates since March 12, according to a notice on BC Hydro&#8217;s website, as reported by <a href="https://www.autonews.com/manufacturing/automakers/anc-trump-tariffs-tesla-bc-hydro-rebates-1303/">Auto News</a> on Thursday.
Local media reports indicate that Tesla products such as EV chargers, energy storage batteries, and inverters are a part of the exclusion.
The announcement was made by British Columbia&#8217;s Energy Minister, Adrian Dix, following a review of the program managed by the energy utility BC Hydro. 
"I thought they [Tesla products] shouldn't be made available on a public subsidy program right now. I don't think anyone in British Columbia needs to be told why, and I think most people would support their removal from that list," Dix told CBS
Meanwhile, BC Hydro stated in a release that its rebate program prioritizes Canadian goods while excluding products made in the U.S. &#8220;where practicable.&#8221;
Customers who received pre-approval for Tesla products before March 12 will still be eligible for their rebates. 
See Also: <a href="https://www.benzinga.com/markets/25/03/44276820/elon-musk-reportedly-pledges-100-million-to-trump-linked-political-groups-amid-billion-dollar-losses-in-his-net-worth">Elon Musk&#8217;s Tesla Set For Lowest Quarterly Deliveries Since 2022, JPMorgan Predicts: &#8216;Brand Has Lost So Much Value So Quickly&#8217;</a>
Why It Matters: The decision comes after U.S. President Donald Trump imposed a 25% tariff on Canadian goods and a 10% tariff on Canadian energy on March 4. The surtax was temporarily suspended on March 6 for goods that comply with the United States-Mexico-Canada Agreement but is anticipated to be reinstated on April 2.
Tesla is encountering consumer backlash in the U.S. over CEO Elon Musk&#8216;s close ties to President Trump. Musk had also described Canada as "not a real country"&nbsp;in a post on X which he later deleted. There was also a widespread call for revoking the Tesla CEO&#8217;s Canadian citizenship.
Not just, British Columbia, but, the province of Ontario had previously terminated a C$100 million ($69.28 million) contract with Musk's Starlink, while the city of Toronto left Tesla out of its driver incentive program.
This development comes on the heels of allegations against Tesla for manipulating the EV rebate program in Canada. <a href="https://www.benzinga.com/25/03/44213295/tesla-suspected-of-ev-rebate-manipulation-in-canada-amid-sudden-sales-surge-tesla-gamed-the-system-says-industry-body">Four Canadian Tesla stores</a> were suspected of exploiting the country's EV rebate program by selling an average of 30 cars per hour over three days, claiming over 50% of the rebate funds.
Tesla holds a momentum rating of 83.63% and a growth rating of 55.20%, according to&nbsp;<a href="https://www.benzinga.com/report/TSLA" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
Tesla stock declined 2.99% to close at $240.68 on Thursday. The stock has lost over 36% year-to-date. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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