Tesla's numbers are out and the stock is ripping higher.
Tesla came in a little light on earnings while revenue was right in-line with expectations.
In the third quarter, Tesla reported an adjusted loss per share of $0.58 against expectations for a $0.56 loss.
Revenue was $1.24 billion, as expected.
Following the report, shares of the electric carmaker were up as much as 7.8% after falling 2.5% during trading on Tuesday.
Vehicle deliveries came in at 11,603 in the third quarter and the company expects it will deliver 17,000-19,000 vehicles in the fourth quarter, a better-than-expected outlook that seems to be driving shares higher after hours.
Tesla now expects full-year vehicle deliveries will total 50,000-52,000. The company had earlier said it expects to deliver 50,000-55,000 vehicles in 2015.
And so while Tesla's full-year outlook might a bit light compared to what it was looking for previously, investors had perhaps been fearing the worst.
As for its capital outlays, Tesla expects it will invest $500 million in the fourth quarter, bringing this year's capital expenses to $1.7 billion. The company cited accelerating investments in its Gigafactory for the increased capital investments. The company invested $392 million in the third quarter.
With regard to its new and upcoming cars, Tesla said it remains "highly confident" it will produce and deliver, on average, 1,600-1,800 vehicles per week between its Model S and Model X cars next year.
Additionally, Tesla expects deliveries of its Model 3 car to begin in March 2016.
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