Tesla Inc. refers to its most head-snapping level of acceleration as “ludicrous” mode. What the company needs, though, is escape velocity. And what it needs to escape are its operating costs. The company didn’t manage to turn a profit despite record vehicle deliveries in its last quarter. As cheaper Model 3s account for a bigger proportion of sales, bringing down ...

European nations, alarmed by Iran’s capture of a British oil tanker, are mounting a response to protect their commercial shipping in the Strait of Hormuz and Persian Gulf. The Royal Navy has started to escort British ships, and a plan for a European naval mission has been endorsed by Denmark, France and Italy. It’s a promising start. But effectively curbing ...

Having reportedly agreed on a short list of candidates to replace Christine Lagarde as managing director of International Monetary Fund, European governments are set to announce their nominee by the end of this week. What they should be doing instead is support merit-based nomination of candidates from both inside and outside Europe, as well as a better due diligence process. ...