Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

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

Electric car maker Tesla Motors 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.

EDIT POST