Ankur Jain, founder and chairman of Kairos, discusses his new company Rhino, which allows renters to pay as little as $10 a month toward their security deposit instead of putting up thousands of dollars upfront. Rhino is already available in 23,000 units in New York. Jain explains Rhino isn't paying the security deposit upfront either, but instead giving landlords a policy for double the money. Jain says renters pay $10 a month for the first year, and then as long as they're in good standing, that amount is reduced substantially.

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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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