• Tesla Sees 39% Revenue Growth After Producing a Record 145,000 Cars in Q3 of 2020

    1 month ago - By Hypebeast

    American EV giant Tesla has produced and delivered a record amount of cars over the third quarter of 2020, translating to a 39 percent increase in revenue year over year. In numbers, the automaker produced a staggering 145,036 vehicles this quarter, with 139,300 of them delivered to customers, breaking the company's previous records. The company has now delivered more than 319,000 cars this year, leaving another 181,000 to go in order for it to reach its 500,000 goal by the year's end. Revenues saw a 39 percent growth year over year as a result of this increased production, with operating...
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  • Hermès Group Sees 14% Drop in Revenue Despite Rebound from Second Quarter

    Hermès Group Sees 14% Drop in Revenue Despite Rebound from Second Quarter

    1 month ago - By Hypebeast

    Despite rallying from a rough second quarter that saw its revenues plummet by a staggering 41 percent, the Hermès Group is nonetheless facing a 14 percent decline in revenue over the third quarter of 2020, bringing in €4.3 billion EUR, or roughly $5 billion USD. Regionally, Asia has been the main driving force behind the rebound, with "remarkable performance" across Mainland China, Korea, Australia, Thailand, and Hong Kong and Singapore, generating a total increase of 29 percent in sales. The North American and European markets continue to suffer from the ongoing Coronavirus pandemic and...
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