A sign is posted at a Tesla showroom in Palo Alto, California.
Justin Sullivan—Getty Images
By Devika Krishna Kumar / Reuters
November 3, 2015

Electric car maker Tesla Motors TESLA INC.


delivered more vehicles in the third quarter than it had previously estimated, helped by the rollout of the Model X SUV.

Shares of the Elon Musk-led company jumped 7.5% in extended trading.

Tesla said on Tuesday it had delivered 11,603 vehicles in the quarter, slightly more than 11,580 it estimated in October.

The company said it expected to deliver 17,000-19,000 vehicles in the current quarter.

Tesla started delivering the Model X Signature series, a premium version of the Model X SUV, late in September. The company said it would launch the Model 3 – a mass-market vehicle starting at $35,000 – in March.

The company’s net loss widened to $229.9 million, or $1.78 per share, in the quarter ended Sept. 30 from $74.7 million, or 60 cents per share, a year earlier.

Total revenue rose 10% to $936.8 million.

Excluding items, Tesla had a loss of 58 cents per share.

The California-based shares were trading at $224 after the bell.

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