Bloomberg Tesla Inc. struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers. The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000–roughly half the cost of the ...

Bloomberg The price of Manhattan resale homes hit a record in the third quarter, but sellers shouldn’t get too bullish. It took some discounting to get there. Owners pared an average of 6.8 percent off their asking prices in the quarter—the second-most since 2010—and the adjustments spurred a flurry of sales at all price levels, pushing the resale median up ...

Bloomberg When Uber’s new chief executive officer touches down in London, he’ll find an irate regulator, divided drivers, galvanised rivals, and a key regional manager who’s just announced her exit. Dara Khosrowshahi was in the UK capital for an emergency meeting on Tuesday with transportation authorities to try to salvage the company’s business in its largest European market. Khosrowshahi’s arrival ...

Bloomberg Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain women. Zevin Asset Management, ...

Bloomberg Top European Union officials teamed up to send UK Prime Minister Theresa May a blunt message: Do more to flesh out Britain’s Brexit positions or put off trade talks for even longer. European Commission President Jean-Claude Juncker and the EU’s chief Brexit negotiator, Michel Barnier, used a hearing in the European Parliament in Strasbourg, France, on Tuesday to all ...

Bloomberg A Muslim student group in Maryland filed the first lawsuit over the latest version of the Trump administration’s travel ban against several Muslim-majority countries, plus North Korea and Venezuela. The lawsuit filed by Iranian Alliances Across Borders will again focus on President Donald Trump’s comments about Muslims before the election as the true reason for the ban rather than ...

Bloomberg Defense Secretary Jim Mattis vouched for Secretary of State Rex Tillerson’s diplomatic efforts to defuse the North Korea crisis after President Donald Trump said Tillerson “is wasting his time.” “The Defense Department supports fully Secretary Tillerson’s efforts to find a diplomatic solution but remains focused on defense of the United States and our allies,” Mattis said in testimony on ...

Bloomberg At least 500 Spanish police officers were driven out of their hotels by angry locals last night as Catalan separatists pushed back against state forces after the crackdown on their illegal vote for independence. “This is a mafia behavior,” Deputy Prime Minister Soraya Saenz de Santamaria said in a televised statement on Tuesday. Prime Minister Mariano Rajoy is fighting ...

Bloomberg Extremists who repeatedly watch terrorist content online could be jailed for as long as 15 years, UK Home Secretary Amber Rudd said on Tuesday, announcing an update of counter-terrorism laws. The move will expand the existing offense of possessing information likely to be useful to a terrorist so it does not only apply to downloaded or stored information. UK ...

Bloomberg The Palestinian Authority cabinet met in the Gaza Strip for the first time in three years as its members began to take charge of ministries from Hamas, and said they would start talks next week on the contentious issue of security forces. The government is “ready to take complete responsibility and extend its full control over Gaza, without exceptions,” ...