UPDATE: Tesla Reports Wider Q3 Loss

Tesla Motors TSLA reported a wider third-quarter loss on Monday. Tesla Motors posted a quarterly loss of $110.8 million, or $1.05 per share, versus a year-ago loss of $65.1 million, or $0.63 per share. Excluding one-time items, it lost $0.92 per share. Its sales declined to $50.1 million from $57.7 million. However, analysts were expecting a loss of $0.89 per share on sales of $55.7 million. Tesla Motors shares closed at $28.92 on Friday.