Tesla Reports Q1 2025 Earnings, Pop Mart Shows Strong Q1 Growth and BMW to Integrate DeepSeek in New Vehicles

Tesla Q1 2025 Earnings Miss Expectations

Tesla’s Q1 2025 financial results showed a 9.2 percent year-on-year decline in revenue to $19.335 billion, missing Wall Street expectations of $21.348 billion. The company’s earnings per share (non-GAAP) came in at $0.27, well below the forecasted $0.41. Operating profit dropped 66 percent to $399 million, while net profit fell 71 percent to $409 million. In terms of production, Tesla manufactured 362,615 vehicles, a 16 percent decline compared to last year. Vehicle deliveries also dropped by 13 percent, with 336,681 units delivered. Notably, deliveries of Model 3/Y fell by 12 percent year-over-year. The company mentioned that tariffs would have a greater impact on its energy business than on its automotive business.

Pop Mart Reports Strong Q1 2025 Growth

Pop Mart announced a 165 percent – 170 percent year-over-year revenue growth in Q1 2025, with overseas sales up 475 percent – 480 percent. China revenue grew 95 percent-100 percent, while international markets saw major increases, especially in the Americas (up 895 percent – 900 percent) and Europe (up 600 percent – 605 percent). The company also reorganized to focus on regional strategies with new headquarters in Greater China, the Americas, Asia-Pacific, and Europe. For 2025, Pop Mart aims to exceed 20 billion RMB in revenue, with strong contributions from overseas markets.

BMW to Integrate DeepSeek AI in New Vehicles in China

BMW CEO Oliver Zipse announced at the Shanghai auto show that the company plans to integrate AI technology from the Chinese startup DeepSeek into its new vehicles in China, starting later this year. Zipse highlighted that key advancements in AI are occurring in China, and BMW is strengthening its AI partnerships to enhance vehicle features in the region. This move aligns with BMW’s focus on AI integration in its global product offerings.

Estée Lauder Names Brian Franz as Chief Technology, Data and Analytics Officer

Estée Lauder has appointed Brian Franz as its new Chief Technology, Data and Analytics Officer, effective April 21. Prior to joining Estée Lauder, Franz held leadership positions at State Street, Diageo, PepsiCo, and GE. The company’s stock is currently trading at $54.76, showing a decrease of 0.67 percent on the New York Stock Exchange.

Charlotte Tilbury Announces Zhao Lusi as Global Makeup Ambassador

Charlotte Tilbury unveiled Chinese actress Zhao Lusi as its new global makeup ambassador, alongside the release of the “Pillow Talk Dreamscape” collection, which includes the new cushion foundation. Charlotte Tilbury, the brand’s founder, expressed excitement about the collaboration, anticipating a creative journey together. In addition to the announcement, the brand partnered with Baking Brand B&C Butterful & Creamorous to host an exclusive pop-up event in Shanghai, where customers could experience the new products and enjoy limited-edition baked goods and beverages inspired by the collection.

Guyu and Documents Unveil Seasonal Solid Perfume 

To mark the Grain Rain festival, Guyu, a Chinese skincare brand, has collaborated with Documents, a Chinese fragrance brand, to launch a limited-edition solid perfume. Drawing inspiration from the vitality of spring and the philosophy of Zen, the fragrance blends citrus, fruit blossom, and morning dew notes to capture the essence of the season. The sleek, portable design of the perfume reflects a minimalist aesthetic, with a wooden cap engraved with the “Guyu” character. Available now across various platforms, the fragrance seeks to bring the fresh, fleeting beauty of spring into daily life.

Hermès Expands Handbag Production to Meet Growing Demand

Hermès continues to ramp up its handbag production in France, with new leather goods workshops opening in Colombelles (2028), Loupes (2026), and Charleville-Mézières (2027). The brand is expanding to meet rising demand, particularly for its Kelly and Constance bags, following a strong start to 2025 despite low stock levels. In Q1 2025, leather goods sales rose 10 percent, boosted by new designs. Hermès also plans price increases in May to offset U.S. tariffs, while its growth continues to outperform competitors in the luxury sector.

Mytheresa Expands Partnership with Prada for Global Distribution

Mytheresa has expanded its partnership with Prada to include global distribution of the brand’s womenswear, menswear, and lifestyle collections. Initially available in Europe, the collections will now be offered to customers in the U.S., Canada, the Middle East, and Asia-Pacific. This move positions Mytheresa as Prada’s global e-commerce partner. Additionally, Mytheresa is finalizing its purchase of Yoox Net-a-porter, aiming to create a luxury e-commerce group with Mytheresa, Net-a-porter, and Mr Porter.