Tesla hits a bump in the road with $619m third quarter loss

DETROIT - Tesla's first attempt at mass production appears to have stalled after it recorded a third quarter loss of $619 million.

The car company has spent heavily to clear up production bottlenecks and bring its hotly anticipated Model 3 sedan to market.

But the loss, of $3.70 per share, compared to a profit of 15 cents per share in the third quarter last year was a far bigger decline than Wall Street had predicted.